Ian's list

Top picks from the web on money and your life, from ING economist Ian Bright – November 11, 2016

Confidence trick

Confidence trick

Some economists believe negative interest rates can have unintended psychological effects, encouraging people to save instead of spending more. This WSJ article says negative interest rates can instill fear, and this pushes households to hoard even more. People only spend, the writer suggests, when they are confident about their future.

Saving more illusion

Saving more illusion

Spending more just to save more is self-defeating says this New York Times article. But even the most money-savvy may try to justify acts like going to the store to buy milk and coming home with a bicycle “because it was on sale”. Instead, uncouple and separate buying and saving decisions.

Late life anxiety

Late life anxiety

Reducing later-life anxiety is important for an ageing population and this Japanese study finds that financial literacy can play a key role. Other factors such as socioeconomic background, household assets, home ownership, and living with children all help but higher financial literacy levels can prepare people mentally to accumulate wealth.

Ian Bright
Ian Bright

Senior economist at ING
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