(Last Word) Participation in company retirement savings programs has increased dramatically because:

A) participation was required by the company.
B) enrollment in these programs was set as the default option and workers had to request to be unenrolled.
C) not being enrolled in these programs was set as the default options,and people's aversion to being told what to do prompted many to request enrollment.
D) endowment effects encourage greater saving.

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Alexa Nunez · Accepted Answer

Final Answer : B, Explanation :  Enrollment in retirement savings programs was set as the default option, which means that employees had to opt out if they did not want to participate. This approach is known as automatic enrollment and has been shown to significantly increase participation rates in retirement savings programs. The default option encourages people to save because they are more likely to stick with the default option instead of taking the extra step to opt out.

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