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Monkey Business: Do companies help employees by investing their incomes?

Are companies helping employees by automatically investing their incomes?

A Yale study showed a similarity between the way a group of monkeys and humans save--they don't. Considering this, it may seem a good thing that about one in four companies auto-enroll workers in 401(k) programs. But are enough companies doing this, and is the percentage invested high enough? ...

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Common sense might tell people they should spend more time on making important decisions than less important decisions. But, according to a survey by financial services company TIAA-CREF, people spend more time picking a restaurant than they do figuring out how to invest their money in an IRA investment.
Chris Arnold at NPR mentioned this survey recently and said that most people in the U.S. use 401(k) programs to save for retirement. So why do Americans spend so little time thinking about how to invest for retirement? Because their company automatically enrolls them in a 401(k) program ...

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