Secure 3.0 and Behavioral Economics - Making the Best Nudge Even Better

Save More Tomorrow is a behavioral intervention designed to make saving for retirement as painless as possible. It has already benefited more than 25 million Americans using what Behavioral Economist Shlomo Benartzi refers to as a savings “nudge.“ Discover how this effective strategy led to SECURE 2.0. On the horizon is Shlomo’s vision of how a new “SECURE 3.0” should make the best nudge even better. As he points out, there’s a huge blind spot in Secure 2.0, which is what to do about personalization and individual differences. When it comes to accumulation, do we want a single parent with maxed-out credit cards to be auto-enrolled and auto-escalated? And when it comes to decumulation, small differences in preferences and circumstances can result in a retirement paycheck that is 6X bigger.

Read more about Secure 2.0 here: https://www.pionline.com/secure-2-0

SPEAKER

Shlomo Benartzi, Ph.D.
UCLA ANDERSON / PENSIONPLUS
Behavioral Economist, Professor Emeritus / Founder and CEO