America vs. Singapore: You Can’t Save Your Way Out of Economic Shocks
America vs. Singapore: You Can’t Save Your Way out of Economic ShocksSaving regret has less to do with procrastination than we thought, and more to do with whether your country absorbs economic shocks or lets them hit your savingsDave DeekFeb 18, 2026211ShareKey FactsProcrastination does not meaningfully predict saving regret. Across 12 psychometric measures tested in both countries, the relationship is weak to nonexistent, and where statistically significant, it frequently runs in the opposite direction from what the behavioral economics literature predicts.Economic shocks do. Exposure to negative financial shocks is the dominant predictor of wishing you’d saved more.About half of Americans between 60 and 74 wish they had saved more. That’s a familiar finding, and it comes with a…
