The quality-of-life budget The financial industry has it all wrong when saving turns to spending in the retirement phase, says Dan Ariely © The quality-of-life budget The financial industry has it all wrong when saving turns to spending in the retirement phase, says Dan Ariely Related articles Related articles Pension reforms don’t consider human nature Change the rules and you change behavior. What may seem obvious is being overlooked by a number of European governments Saving is easy, spending is the hard bit Why people prefer lump sums over annuities has long had economists perplexed, but they are beginning to work it out We don’t need no financial education Financial education will not lead to improved financial behavior, Dan Ariely believes. Instead, we should design mechanisms that enforce the right decisions How the elderly spend it We all have different ideas on how to spend hard-earned cash during retirement years. And these can vary dramatically between nations, Eurostat figures reveal
Pension reforms don’t consider human nature Change the rules and you change behavior. What may seem obvious is being overlooked by a number of European governments
Saving is easy, spending is the hard bit Why people prefer lump sums over annuities has long had economists perplexed, but they are beginning to work it out
We don’t need no financial education Financial education will not lead to improved financial behavior, Dan Ariely believes. Instead, we should design mechanisms that enforce the right decisions
How the elderly spend it We all have different ideas on how to spend hard-earned cash during retirement years. And these can vary dramatically between nations, Eurostat figures reveal