Question

What are some of the behavioral obstacles that influence personal finance as described by Benartzi?

Answer 1

Some obstacles that influences ones finances described were foreclosure, not having 401k access, or not choosing to save that appropriate amount of money.

Answer 2

One obstacle someone could face would be foreclosure. Foreclosure could occur by an individual not paying their mortgage on their home, and a mortgage is a monthly house payment. Also, people might not have access to a 401k or choose not to save money like they should.