Self-control bias manifests as a preference for immediate spending over future-oriented investing, such as saving for retirement via annuities, which is evidenced by high levels of credit card debt and inadequate retirement savings.

Authors

• Person: Not available Organization: Financial Planning Association
  Understanding Behavioral Aspects of Financial Planning and Investing

Sources

• Understanding Behavioral Aspects of Financial Planning and Investing www.financialplanningassociation.org Financial Planning Association via serper

Referenced by nodes (3)

• credit card debt concept
• annuity concept
• retirement savings concept