News From the Field
Money-savers focus attention -- and eyes -- on the prize
February 25, 2019
This material is available primarily for archival purposes. Telephone numbers or other contact information may be out of date; please see current contact information at media contacts.Why can some people patiently save for the future, while others opt for fewer dollars now? A new Duke University study reaches some surprising conclusions. Saving takes patience -- forgoing instant rewards for larger, delayed rewards. Yet "patient savers" don't slowly weigh options and aren't necessarily better at resisting temptation. Instead, choosing between less money now or more later, savers focus on the dollar amounts, quickly ruling out other factors. Full Story
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