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The Key to Boosting Retirement Savings | John Beshears
Episode 394

The Key to Boosting Retirement Savings | John Beshears

Behavioral Grooves Podcast

February 5, 20241h 5m

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Show Notes

Ever wonder how to boost your retirement savings? Could the subtle art of behavioral economics hold the answer? Join Tim in this solo-sode as he explores this with guest John Beshears. Uncover the impact of automatic enrollment on participation rates and the potential downside of increased debt. Beshears' research reveals unique strategies, like framing savings as "fresh starts." Maximize your savings and delve into the evolution of behavioral economics with Tim and John in this weeks captivating episode. 

© 2024 Behavioral Grooves

Topics

(7:43) Introduction and Speed Round

(12:23) The Impact of Auto-Enrollment on Retirement Savings

(16:41) The Psychology Behind Financial Decision Making

(22:31) Automatic Enrollment, Savings, and Employee Debt

(33:48) Long Term Effects

(37:37) Reframing Savings and “Fresh Starts”

(46:04) Jazz Music and Productivity

(52:35) Grooving Session: Behavioral Science and Retirement Savings

© 2024 Behavioral Grooves

Links

Automatic Enrollment and Financial Stress

Fresh Start Approach to Savings

Behavioral Economics in Action Conference

Seaweed Farmers and Pod Sizes

Behavioral Grooves Patreon

Musical Links

Charlie Parker at Massey Hall

Mose Allison "Everybody Cryin' Mercy"

Lightnin' Hopkins "What Kind of Woman is This?"

Phillip Glass "Opening"