Description: Students investigate the decision to save as a choice between spending now or spending later and how people’s natural preference to enjoy goods and services now affects this decision.
- Go to https://www.stlouisfed.org/education/making-personal-finance-decisions-curriculum- unit (Making Personal Finance Decisions Curriculum Unit).
- Use “Lesson 6A: Time Preference—Why It Is Hard to Save” (pdf) and the accompanying PowerPoint slides for Lesson 6A.