No. of Recommendations: 14
If they want people to save more PAY THEM MORE!

I would agree that for people who are prone to save, paying them more will result in more saving. But for those who are prone to spend, paying them more will likely result in more spending. The attitudes about keeping up with the Joneses need to change so that it's the saving, not the consumption, that people want to keep up with. That's a culture change that isn't solved by just paying people more.

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