The Rational Reminder Podcast cover image

Basic Personal Finance Concepts (EP.241)

The Rational Reminder Podcast

00:00

Is There a Relatively High Replacement Rate Required for Retirement?

The life cycle model has some empirical problems, like the exponential growth bias and hyperbolic discounting that we mentioned back in episode 239. Even if it's not rational in an economic model, people should arguably start the habit of saving as early as possible,. They should start automating their habit of saving to increase with future pay increases. The solution for an actual human is probably somewhere in between.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app