The Save More Tomorrow (SMarT)program found all of the following except that:
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.

Question

Quizplus · Accepted Answer

The text states that participants in the SMarT program "increased their savings rate from a baseline of 3.5% to over 13.6% at the end of the fourth pay increase." Therefore, option B is true. The text also discusses the effectiveness of default choices, which supports option C. Option A is not mentioned in the text but could be inferred based on the fact that people signed up for the program to increase their savings. However, option D contradicts the results of the program as stated in the text, so it is not true.

The Save More Tomorrow (SMarT)program Found All of the Following