Benefits Think

Tip of the Day: Get Professor Laibson to name names

My colleagues at Money Management Executive have sussed out some interesting stats from Harvard economist David Laibson. According to the professor, although most of us still are saving too little for retirement, some 10% actually are saving too much!

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MME reports that Laibson spilled to Bankrate.com that about one in 10 have up to 90% of their pre-retirement income, when you factor in Social Security and home ownership with 401(k)s and pension plans. He even says these super-savers are made up of people from all income levels.

Now, I’m sure you’re all wondering where Laibson got his numbers. But for my part, I’m wondering who these people are and how I can get in touch with them to ask about emulating their superior saving habits. Who’s with me?

 


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