Ian's list

Top picks from the web on money and your life, from ING economist Ian Bright – October 17, 2016

Tall and rich

Tall and rich

Tall people generally have better job prospects and earn more and this paper suggests that certain inches are worth more than others. The sharpest jump in earnings comes between 1.62 and 1.67 metres and this premium flattens out at 1.83 metres. The four to five inches difference can mean a salary difference of nine to 15 percent.

Backfiring nudges

Backfiring nudges

Many financial nudges such as automatic enrolment in retirement savings plans and default investing in target-date funds can be helpful – but there are potential downsides to them too. This article says not only can they make people complacent about their behaviour, but sometimes they target very specific, one-time actions. This suggests they may not be ideal for complex problems.

Savvy employees

Savvy employees

People working in banks and financial services tend to know more and are more savvier about managing their money and are better prepared for retirement than the general population.However, this paper says that even when even this select group received financial literacy programs, they saved more into their pension plans.

Ian Bright
Ian Bright

Senior economist at ING
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