Why don't Americans save more for old age? Download the Tampa Bay Times opinion piece, If You're Broke, a Nudge Won't Fix Things. What are some policies that create incentives and disincentives for people to save? What do you think about the government policy to "nudge" citizens toward a path to prosperity? What are some of the problems of behavioral economic interventions? What are some recommendations the author makes? Do you agree or disagree? What evidence (from research and personal experience) do you have to argue your position?
Financial Literacy Standards SS.912.FL.3.1:Discuss the reasons why some people have a tendency to be impatient and choose immediate spending over saving for the future. SS.912.FL.3.6:Describe government policies that create incentives and disincentives for people to save.