Why We Borrow, Save, and Invest: The Psychology of Consumption Smoothing, Building Wealth for Life

Why do people take on student loans, buy homes, and invest decades before retirement? James Yendrey of InvestMentorSM breaks down consumption smoothing—the economic theory that explains how people spread resources across their lifetime—and explores how behavioral biases, debt, investing, and future expectations shape our financial decisions. Show Notes: https://www.interactivebrokers.com/campus/traders-insight/why-we-borrow-save-and-invest-the-psychology-of-consumption-smoothing-and-building-wealth-for-life/ Campus Home:  https://www.ibkr.com/campus/ Traders’ Insight:  https://www.ibkr.com/campus/news Traders’ Academy: https://www.ibkr.com/campus/courses IBKR Quant:    https://www.ibkr.com/campus/quant Cents of Security: https://www.ibkr.com/campus/category/podcasts/cents-of-security/ IBKR Podcasts:  https://www.ibkr.com/campus/podcasts IBKR Webinars:  https://www.ibkr.com/campus/webinars IBKR API:     https://www.ibkr.com/campus/api Student Trading Lab: https://www.ibkr.com/campus/stl IBKR Glossary:    https://www.ibkr.com/campus/glossary We are on Coursera! https://www.coursera.org/ibkr Open an account at Interactive Brokers: https://ndcdyn.interactivebrokers.com/mkt/?src=podCOSAcc&url=%2FUniversal%2FApplication