Quote

It was shocking to realize how many low-income Americans don't have savings accounts.

Dan Ariely

Change background

T
T
T

Change font

TAGS & TOPICS

Dan Ariely
Age: 57
Born: 1967
Born: April 29
Economist
Pedagogue
Professor
Psychologist
University Teacher
Writer
New York City
New York
Americans
Realize
Realizing
Savings
Many
Shocking
Saving
Accounts
Income
Lows

More quotes by Dan Ariely

Image
When parents have college savings accounts for their kids, their kids show higher social and cognitive performance.
Dan Ariely
Image
Money is all about opportunity cost. Every time you spend on something, that's something you can't spend on something else.
Dan Ariely
Image
When people are in severe pain, there's an expression, you're a pain person, and what that means is that nothing else matters.
Dan Ariely
Image
The most difficult thing is to recognize that sometimes we too are blinded by our own incentives. Because we don’t see how our conflicts of interest work on us.
Dan Ariely
Image
When we save, everybody in the household is just suffering. By having the coin in a visible way, when you scratch, you can say the person that is in charge of the making money for the family is doing the right thing.
Dan Ariely
Image
Thinking is difficult and sometimes unpleasant.
Dan Ariely
Image
The major thing that holds you back when you're trying to change a bad habit like eating, smoking, or drinking too much is your belief you are out of control.
Dan Ariely
Image
The companies that provide debt, what do you think their goal is? Is their goal for you to fully understand the cost of your debt? No. So they're basically creating these approaches to make you feel like it is incredibly cheap or just to think about the cost per day rather the cost per year or cost for a lifetime. So debt is very simple mistake.
Dan Ariely
Image
But suppose we are nothing more than the sum of our first, naive, random behaviors. What then?
Dan Ariely
Image
Not all debt is bad. From time to time we should get into debt when there's a good reason for that.
Dan Ariely
Image
Companies, however unintentionally, choke the motivation out of their employees.
Dan Ariely
Image
Disasters are usually a good time to re-examine what we've done so far, what mistakes we've made, and what improvements should come next.
Dan Ariely
Image
The people that lend you money basically give you an answer based on the risk that they are willing to take. But just because a bank is willing to take a particular risk doesn't mean that that is the right amount for me to spend.
Dan Ariely
Image
I don't know what exactly the translation is but when we do consume something now, something else has to give at some point.
Dan Ariely
Image
We should teach the students, as well as executives, how to conduct experiments, how to examine data, and how to use these tools to make better decisions.
Dan Ariely
Image
What kind of people would be able to rationalize better than other people? Better storytellers, right? Creative people, right? Because if you're creative, you find more ways to cheat and still yourself a story about why this is okay.
Dan Ariely
Image
Money is a wonderful invention. It lets us save, it lets us specialize, right? I couldn't be a professor if there wasn't any money. Every day I would have to raise chicken and bread and broccoli and go ahead and spend all my time trading. So, money is a wonderful mechanism.
Dan Ariely
Image
If you ever go bar hopping, who do you want to take with you? You want a slightly uglier version of yourself. Similar ... but slightly uglier.
Dan Ariely
Image
that when given the opportunity, many honest people will cheat.
Dan Ariely
Image
People are irrational - and predictably so.
Dan Ariely