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Default options are popular in financial decision-making, but are they effective?

by David Brancaccio , Chris Farrell and Rose Conlon

Jan 11, 2022

From retirement savings to Social Security, the choices made for you are crucial and should be well designed.

A program's default option, in which participants are automatically enrolled, makes it easy to choose but isn't always the best choice.

Yuri Cortez/AFP/Getty Images

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