Feb 2, 2017 by David Munguía Gómez
Many of us are aware of the usefulness of “rainy day” savings—what we set aside for emergencies and other unforeseen expenses that creep up on us all. Those savings are in addition to those we accumulate to accomplish larger goals we may have like buying a house or planning for retirement. But understanding the importance … Read more.
Aug 29, 2016 by Alex Blau
Since her husband passed away a few years ago, Marwah has taken care of her family’s cocoa farm all by herself. She is motivated by a promise she and her husband made to help finance their youngest son’s college education. But like many who manage small cocoa farms in Indonesia, Marwah struggles to save money. … Read more.
Jul 20, 2016 by Vivien Caetano, Katy Davis and Erin Sherman
In the Learning Behavioral Design series, we share lessons from ideas42 projects that aim to teach practitioners how to apply our behavioral design methodology to their day-to-day work. At the launch of ideas42 and JPMorgan Chase & Co.’s new immersive consumer finance initiative, guest speaker Tom Tosuksri wanted to answer one big question that was … Read more.
Apr 26, 2016 by Andrew Fertig
For most Americans, in addition to warmer weather, Spring means tax season. Compiling a year’s worth of financial records can be a tedious and confusing task, but it can also be a time of reflection—to thoughtfully consider how we used our money, and where there might be some room for improvement. We’re also able to … Read more.
Mar 28, 2016 by Gov42 Team
Tax Day – April 18 – is just around the corner. But you probably don’t need the reminder since you effortlessly filed your return in January, right? Taxes are a pain. You have to track down documents, navigate jargon, and answer countless questions. On top of the hassles, it’s anxiety-inducing to figure out how much … Read more.
Mar 17, 2016 by Katy Davis & Nicki Cohen
Why we’re wrong about lower income consumers, a three-part series Products and services that help low- and moderate-income (LMI) consumers manage their day-to-day finances and improve their long-term financial health are a clear need that hasn’t yet been solved by mainstream or alternative financial providers. Why haven’t the needs of LMI consumers been met by … Read more.
Mar 4, 2016 by Financial Solutions Lab
This blog originally appeared on the CFSI/JP Morgan Chase Financial Solutions Lab Medium. ideas42 is proud to serve as a behavioral advisor to the Lab. In New York, 22-year-old Sean had been using a savings app called Even for about eight weeks when he realized something that surprised him: by automatically saving his higher-than-average income, he’d … Read more.
Feb 17, 2016 by Katy Davis & Nicki Cohen
Why we’re wrong about lower income consumers, a three-part series Products and services that help low- and moderate-income (LMI) consumers manage their day-to-day finances and improve their long-term financial health are a clear need that hasn’t yet been solved by mainstream or alternative financial providers. Why haven’t the needs of LMI consumers been met … Read more.
Nov 10, 2015
It’s simply a fact that many products, policies, and services created specifically to benefit everyday people are either under-used or not used at all. Whether it’s helpful savings tools, financial aid for education, or comprehensive health insurance plans, many of us simply never enroll or use them despite intending to do so. So what’s going … Read more.
Sep 3, 2015
We probably don’t need to tell you, savvy reader, that behavioral science is fascinating. The insights on human behavior that have come from the last few decades of research are not only profound and compelling, but can also delight. Take loss aversion. First demonstrated by Daniel Kahneman and Amos Tversky, this principle says we dislike … Read more.