Saving for retirement is a challenge facing most Americans. Research shows the challenge is made harder by our basic human impulses. We know we should be saving. But we don't. We consistently make bad financial decisions.
One thing that leads us astray is what behavioral economists call "loss aversion." In other words, we hate losing. And that gets in the way of us winning — if winning is making smart financial decisions.
This is ALL THINGS CONSIDERED from NPR News. I'm Robert Siegel.
And now, Delta Airlines and Virgin Air go together like Ford and Jaguar? That one didn't go so well. But in the case of these two very different airlines, which are global partners, marriage appears to be working out. So say our next two guests, Delta CEO Richard Anderson and Virgin founder Sir Richard Branson, they're both in Washington attending the U.S. Chamber of Commerce Aviation Summit this week.
And they've joined me in the studio. Welcome to both of you.
The big jobs report that comes out at the beginning of every month has tons of data on how the job market is doing. But it doesn't tell us much about what peoples' jobs are really like.
Last month, we asked people to tell us what they really do at work. This month, we asked: What's your biggest source of work-related stress? Tell us in one word and a photo, and explain why. Here are some of the responses.
Although the number increased, claims remained at the lower end of the range they've been in for the past year and were running at a pace close to where they were before the economy sank into its latest recession in December 2007.