Aug 7, 2017 by Jaclyn Lefkowitz
What is the cost of making a late loan payment? If you’re like most people, you probably think of late fees. But there are also less visible, longer-term consequences that can have a serious impact on financial wellbeing. For example, late payments affect credit scores, which in turn can affect the ability to access credit … Read more.
Jul 18, 2017 by ideas42
In the United States, more than 45 million people live below the poverty line, including one in five children who will experience its long-lasting effects. While public benefits programs meaningfully impact countless lives by providing essentials like food and health care, many people who are struggling do not receive these benefits for a variety of … Read more.
May 8, 2017 by David Munguía Gómez
Saving money is important not only for long-term needs like retirement but also for expenses in the short term. This is because incomes and expenses are not always constant, and people can’t necessarily predict when they will need more cash. A reliable savings cushion is critical when people encounter large, unexpected costs or lose their … Read more.
Jan 6, 2017 by Dan Connolly
Happy New Year! We hope you were able to take some time off at the end of 2016, and that your 2017 is off to a good, fresh start. At ideas42, our team puts in hard work applying behavioral science to social problems throughout the year, so we close our offices between Christmas Eve and … Read more.
Dec 1, 2016 by Dan Connolly
Picture this: it’s Thursday evening, and the end of a long week is in sight. After two back-to-back meetings, you open your e-mail and find a dozen more messages since the afternoon. You sigh – after you go home, have dinner, or spend some time with family or friends, there will be another hour or … Read more.
Aug 31, 2016 by ideas42
Education has long been touted as a ticket out of poverty, and a well-educated workforce is the foundation of a competitive economy. So it’s easy to think education advocates can solve a lot of problems by convincing high school students to go to college—but the data tells us most high-schoolers are already convinced. In fact, … Read more.
Aug 15, 2016 by Alex Blau & Michael Stern
Imagine you’re a software developer, building an application that secures sensitive data for a company with 100,000 employees. You build a piece of secure technology that’s nearly impossible to hack remotely and pat yourself on the back. The software is uploaded and installed on each computer, and now the organization is safe from internet intruders! … 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.
Jun 22, 2016
The American higher education system is facing a completion crisis. While most U.S. high school graduates now enroll in college, many don’t complete their degree. The latest data shows that less than 60% of full time students finish four-year degrees within six years. This figure drops to 30% for two-year degree completion within three years. … 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.