10.24.22 U.S. Treasuries- Update / Meet Yale Professor/Behavioral Economist- JAMES CHOI
The Clark Howard Podcast
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Should You Be Smoothing Out Your Savings Rates?
Economists say that there are diminishing returns to additional spending on yourself within any given time period. In your 20s you're typically going to have lower income than you would in your 40s so instead of smoothing out consumption you should be smoothing out your savings rates now who's right? I think that this is actually an open question we don't know a lot about as a research economist and I'd love to build more evidence on that because I'll tell you I have a lot of people who call me with the case of the guilt and or he'll talk to me about how they've never saved a penny.
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