Study Finds Two Biases That Hurt Americans' Savings

There are many reasons contributing to Americans' reluctance to save for retirement, including two biases — called "present bias" and "exponential-growth bias" — according to a new paper published by the National Bureau of Economic Research. Derek Thomspon of The Atlantic explains the findings and explores ways of overcoming such biases with Here & Now co-host Meghna Chakrabarti.

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Derek Thompson, senior editor at The Atlantic. He tweets @DKThomp.