Status-quo bias is:
A) a type of mental barrier to saving.
B) when people actively make decisions to change something, even if it is fairly difficult to do so.
C) not overcome in the SMarT program because saving is the default option.
D) when people have a negative view on the status quo.

Question

Quizplus · Accepted Answer

Status-quo bias is a mental barrier to saving because it refers to the preference to keep things the same rather than change, which can prevent people from taking action to save.

Status-Quo Bias Is