The assumption that everybody will figure out how much they have to save and then will just implement that plan is obviously preposterous.

When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite.

I'm all for empowerment and education, but the empirical evidence is that it doesn't work. That's why I say make it easy.

My mantra is if you want to help people accomplish some goal, make it easy.

The lesson from behavioral economics is that people only save if it's automatic.

he card companies will often, as a courtesy, honor that credit card, but hit you with a penalty. And you keep swiping your card for $3 at Starbucks for your latté, and you're getting hit with a $25 penalty because it's over your credit limit.

I think the people who've been the most overconfident in our business in the last decade have been the people that called themselves risk managers.