Financial market

The most popular personal finance advice contradicts economic theory

The most popular personal finance advice contradicts economic theory

Avoid credit card debt. Start an emergency fund. Start saving for retirement when you’re young. And never underestimate the importance of compound interest. Personal Finance Experts tend to agree on this kind of basic principles. But a new working paper highlights the surprising disconnect between popular personal finance books and economic theory. The author of …

The most popular personal finance advice contradicts economic theory Read More »

The most popular personal finance advice contradicts economic theory

The most popular personal finance advice contradicts economic theory

Avoid credit card debt. Start an emergency fund. Start saving for retirement when you’re young. And never underestimate the importance of compound interest. Personal Finance Experts tend to agree on this kind of basic principles. But a new working paper highlights the surprising disconnect between popular personal finance books and economic theory. The author of …

The most popular personal finance advice contradicts economic theory Read More »