Ecology of Money

Retirement Roadblocks: Are They All in Your Head?

John F. Wasik

Economists, journalists, and financial-services companies love to pile on the subject of why most Americans aren't saving enough for retirement. But aside from the issue of not having enough disposable income to save, what if retirement saving is a behavioral issue?

We can do all sorts of mental backflips to avoid saving money. Can we reroute our cerebral circuits to do the right thing? Many specialists in the area of behavioral economics think so, and their research and discoveries are pointing the way to a more secure retirement.