A Personal-Finance Workout
The central idea behind the Obama administration’s effort to protect the personal finances of Americans boils down to this: put laziness to work. Tell people to set aside part of their paychecks every month and they’ll usually ignore the advice. But start the saving process for them — automatically siphoning off a raise from a paycheck into a bank account — and perhaps that will help them avoid the financial trauma that has affected millions of Americans in this recession.
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