Multiple Choice
The Save More Tomorrow (SMarT) program offers employees the option to commit a fraction of future pay raises to a tax-free retirement savings account. Which of the following was not a finding of this program?
A) People want to save more than they typically do.
B) Participants quadrupled their savings in just a couple of years.
C) If the default choice is to save a portion of income, people will save more.
D) People were already saving at an optimal amount, so the program had no effect.
Correct Answer:
Verified
Correct Answer:
Verified
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