by Marcela Cheng & Andrew Fertig
For millions of people around the world, the consequences of inadequate retirement savings are devastating. The problem is widespread even in countries with formal systems of mandatory contributions to individual retirement accounts. In Mexico, these mandatory contributions amount to less than 40% of a worker’s salary during retirement, and few people make the additional (voluntary) […]
by Katy Davis, Abigail Kim & Abi Warren
The World Giving Index ranks the United States number two worldwide on the generosity of its citizens, ahead of countries like New Zealand, Canada and the United Kingdom. But what if we told you that Americans think their neighbors should give more than the roughly 3% of annual income they already give to charity—a lot […]
by Alex Blau
Since her husband passed away a few years ago, Marwah has taken care of her family’s cocoa farm all by herself. She is motivated by a promise she and her husband made to help finance their youngest son’s college education. But like many who manage small cocoa farms in Indonesia, Marwah struggles to save money. […]
by Saugato Datta
This post originally appeared on The Rockefeller Foundation’s blog. During the last three weeks, I have had the pleasure of leading sessions during the thematic month on human behavior at The Rockefeller Foundation Bellagio Center, observing as the residents share their perspectives and question everything, including each other’s assumptions, to uncovering surprising connections and […]
by David Munguía Gómez
Saving for retirement can feel like giving money to a stranger. Forgoing money in the present to benefit the person we will eventually become—our “future self”—is often a difficult and ungratifying experience. Because of this and other behavioral barriers like the ones we uncovered in Mexico, it should come as no surprise that most people […]
by Piyush Tantia
This post originally appeared on The Rockefeller Foundation’s blog. At first glance, an artist seeking to break stereotypes about hip-hop culture by analyzing rap lyrics may not have much in common with a researcher preparing mental health workers to support developing countries after a disaster. And maybe it’s not immediately obvious what a cartoonist crafting […]
by Vivien Caetano, Katy Davis and Erin Sherman
In the Learning Behavioral Design series, we share lessons from ideas42 projects that aim to teach practitioners how to apply our behavioral design methodology to their day-to-day work. At the launch of ideas42 and JPMorgan Chase & Co.’s new immersive consumer finance initiative, guest speaker Tom Tosuksri wanted to answer one big question that was […]
by Katy Davis & Nicki Cohen
Why we’re wrong about lower income consumers, a three-part series Products and services that help low- and moderate-income (LMI) consumers manage their day-to-day finances and improve their long-term financial health are a clear need that hasn’t yet been solved by mainstream or alternative financial providers. Why haven’t the needs of LMI consumers been met by […]
ideas42’s network of academic affiliates represent some of the world’s foremost experts in behavioral science. With the ideas42 Affiliate Series, we invite leading scholars to share their insights and what inspires their exploration into human behavior. Our New York office was pleased to host Mario Macis of Johns Hopkins University today. Mario’s research focuses on incentives, pro-social […]
by Andrew Fertig
For most Americans, in addition to warmer weather, Spring means tax season. Compiling a year’s worth of financial records can be a tedious and confusing task, but it can also be a time of reflection—to thoughtfully consider how we used our money, and where there might be some room for improvement. We’re also able to […]
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