🏦 Wisdom Wednesday with Viva Financial 🏦
Planning financially for retirement can help make aging more comfortable
Five things that economists know, but sound wrong to most other peopleEconomists have shaped the modern world in many ways. Governments make policy choices in response to the data that we produce about things like GDP and inflation. Social media companies use our insights about human behavior to create features that encourage people to use their platforms. And we’re at the heart of everything from incentivizing renewables developers to build more wind farms to regulating the behavior of tech giants like Google or Facebook. Yet this is only one side of the story. A curious thing about our profession is that when we academic economists largely agree with each other on something important, the rest of the world often completely ignores our conclusions. Are these findings too counter-intuitive, too impractical, or something else? Here are five examples so that you can decide for yourself… Five things that actually get better with age