Let's face it: most of us suck at managing money. According to a National Bureau of Economics working paper published this March, roughly three quarters of all American households carry some form of debt. 40% haven't paid off their credit cards. Nearly half have no savings at all. And the US isn't alone: Canada, the UK and Australia are in roughly the same debt-ridden neighborhood. There's no doubt that we're bad with money. But according to Richard Thaler, an economist at the University Chicago...
Let's face it: most of us suck at managing money. According to a National Bureau of Economics working paper published this March, roughly three quarters of all American households carry some form of debt. 40% haven't paid off their credit cards. Nearly half have no savings at all. And the US isn't alone: Canada, the UK and Australia are in roughly the same debt-ridden neighborhood. There's no doubt that we're bad with money. But according to Richard Thaler, an economist at the University Chicago...
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