Study: Prizes will make people save more

06/20/2013 | CNNMoney/Fortune

People would save more money in the bank if they were rewarded with occasional big prizes for doing so, a new study suggests. Economists with the National Bureau of Economic Research found that linking savings accounts with a lottery-driven cash prize boosted people's willingness to save for a longer period, even more so than did a smaller, guaranteed financial incentive.

View Full Article in:

CNNMoney/Fortune

Published in Brief: