If you suspect some sneaky Jedi mind tricks are beating your efforts to save, you’re on the money.
Australia’s soaring household debt, the largest of any advanced economy excluding Switzerland, shows that saving doesn’t come easily to a lot of us.
The truth is humans are hard-wired to favour immediate gratification over long-term goals, and that can make saving tricky, even if we earn enough to be able to conserve cash.
Professor Robert Slonim heads the Australian federal government unit tasked with testing how behavioural economics can deliver better public polic…
Read the full article at: http://www.smh.com.au/business/the-psychological-reasons-you-cant-save-20170808-gxs6us.html