What is “Affective Forecasting”?
When you think about retirement, what comes to mind? Happiness, relaxation and fun. But there is a large number of retirees who are not as happy in retirement as they predicted. Why? According to recent research conducted by the Office of Retirement Policy at the Social Security Administration, there are many reasons why we misjudge retirement and one of the culprits is “affective forecasting.” What is affective forecasting? The attached article explains what affective forecasting is and the five ways we trick ourselves into retiring too soon. Click here…
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