Many people do not invest in retirement plans - even though they are not broke, and could afford to put money aside.One explanation for this is the fact that people tend to engage in ____ when making decisions about how to manage their money.
A)reactance
B)the Zeigarnik effect
C)risk aversion
D)temporal discounting

Question

Quizplus · Accepted Answer

Temporal discounting refers to the tendency for people to prioritize immediate rewards over long-term benefits. In terms of retirement planning, this means that people may prefer to use their money in the present rather than set it aside for a future that seems far away.

Many People Do Not Invest in Retirement Plans - Even