Deciding which flavor of ice cream to buy is considered an easy question, while

Question

Deciding which flavor of ice cream to buy is considered an easy question, while determining how much to save for retirement is difficult. What contributes to the difficulty of saving for retirement?

financial advisors provide immediate feedback regarding savings, and receiving such information every month leads to "information overload".

in the U.S., the federal government does not mandate retirement savings.

individuals do not receive feedback indicating if they are saving enough, and there is not an opportunity to learn through practice.

the low interest rate paid by bonds, because treasury bonds are the primary form of retirement savings.

Explanation / Answer

Correct option (3).

If individuals don't receive any feedback on adequacy of their savings, retirement saving becomes difficult.

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