Does the way you speak affect your tendency to save? Yale behavioural economist Keith Chen has found that countries where the language has no future tense – “it rain tomorrow” instead of “it will rain tomorrow” – have higher savings rates. Speaking about the present and future identically could “nudge” people to feel identically about them, making saving easier, says Chen
It’s often claimed that attractive people tend to be more successful in job interviews. But when it comes to “less desirable” jobs, they’re more likely to be turned down, according to a study by the London Business School. It’s because managers assume they’ll be less satisfied in these roles. Read more about hiring biases here
Illusion of wealth
A savings pot of £100,000 might seem like a lot – but it’s nowhere near enough to fund retirement. Thinking of your pension as a lump sum gives an “illusion of wealth”, according to this behavioural economics consultancy. Instead retirement savings should be viewed in terms of how much income they we would provide each month, so we know whether we need to put more money away.