SUMMER SCHOOL 3: Smooth Spending & The 401K

Even if you don't own stocks, there are a lot of reasons to care about investing. We meet some of the folks left out of the stock market who deploy sophisticated economic thinking, even creating their own alternate financial systems. Our professors help us understand how consumption smoothing and life-cycle hypothesis apply to personal finance. And we meet the creator of the 401(k). | Subscribe to our weekly newsletter <a href="https://www.npr.org/newsletter/money?utm_source=rss_feed_copy&utm_medium=podcast&utm_term=planet_money">here</a>.