Article preview: What if a series of small behavioural ‘nudges’ could make you wealthier in retirement? Insurer Scottish Widows has identified a series of small nudges which could help younger people save an extra £7,000 a year in retirement income. Their new study found that nearly 2 million people could be better off in retirement by implementing these small steps. The nudges include getting younger people to picture their ‘future self’ and introducing simpler pension labels, linking contribution levels and retirement income.
Behavioural nudges that can make young people wealthier
This 734-word blog post considers new research from Scottish Widows and the Behavioural Insights Team which found three small behavioural nudges which can make younger people wealthier in retirement. Written on 23rd September 2020.
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