Week 27 Day 5: The Power of Default Settings

People overwhelmingly stick with whatever the default option is. In 401(k) plans, auto-enrollment at 6% results in the vast majority of employees saving exactly 6%. Change your defaults to serve your ...

People overwhelmingly stick with whatever the default option is. In 401(k) plans, auto-enrollment at 6% results in the vast majority of employees saving exactly 6%. Change your defaults to serve your goals, and inertia becomes your greatest ally.