Experiment suggests people pay down debt but keep savings cushion
A CFPB-led research experiment suggests that people seek to find balance between paying off debt and having savings.
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New report synthesizes evidence-based strategies to build emergency savings
The Office of Research released a report that synthesizes the rigorous research of programs and strategies aiming to help consumers achieve greater savings. We examine three broad research areas—savings products, financial incentives, and behavioral and psychological approaches to increase savings.