A Nudge to Save a Bit More

If you’re an active participant in social media, it’s nearly impossible to avoid a running tally of everyone else’s spending. New cars and home renovations are all over Facebook. Vacation photos, exotic meals and charity benefits are a fixture on Instagram. It’s tempting to think that your own life doesn’t measure up. So what the world needs is more socially driven saving — a counterbalance consisting of reminders and affirmation that people who choose to put money away over spending it are investing in a happy future, even if they are not presently driving a convertible to their beach house…Read More

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