Texting: Bad 4 Grmr, Good for Savings
November 8th, 2009
| Category: Personal Finance
EDITED BY NIKKI WALLER Would you save more if you were nudged? A new study conducted by a group of economists found that simply texting people and reminding them to save money increased their savings-account balances by 6%. The study challenges the idea that people don’t save because they lack self-control. Instead, people may not be paying enough attention, says Dartmouth College economics professor Jonathan Zinman, one of the study’s four …
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