Time for change
Are you stuck in the past, living for today, or focused on the future? A study detailed in Forbes suggests that your time perspective may affect your money choices. For example, those thinking of past losses may avoid risk – but present-focused hedonists might simply do what feels good today.
Fairest of them all?
Tontine schemes – where shares are paid out to remaining investors as other investors in the scheme die – are illegal in the US. This Washington Post article asks if the idea could be applied to modern pensions – because people, however irrationally, may see such schemes as “fairer” than annuities.
Closing the cash gap
“Contactless” technology is becoming a handy way to make small payments – like physical cash, rather than credit cards – blogs Cisco exec Alex Noble. The 2012 Transport for London initiative had assumed people would stick to larger, less-frequent buys - yet by April that year, 10,000 people a day were using “wave and pay” for daily bus tickets, he says.