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landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howI'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast)Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPResearch published earlier this year by the American Psychological Association (APA) studied the optimism levels and savings habits of 140,000 participants from the U.S., Israel and across Europe. It found that “optimism significantly predicts greater savings over time” and that “among lower income individuals, optimism is more strongly associated with saving.” (1)In hard numbers, the study showed that increased optimism led to an average gain of 16.9% in savings. That means an optimistic household with a median savings of $8,000 had put away an extra $1,352. For households with a median savings of $62,410, optimism increased their savings by $10,547.The study follows other recent research that’s shown that optimists are both more likely to experience better financial health than pessimists (2), and that optimists are more likely to use financial tools to help them save for retirement. (3)Dr. Joe Gladstone — assistant professor of behavioral sciences and marketing at the Rady School of Management, University of California San Diego, and co-author of the APA study — tells Moneywise that he was “a bit surprised” by the result but that “it really does seem like the more optimistic you are, the better for your savings.”It’s important to note that “optimism” doesn’t mean magical thinking — the idea, for example, that you should bet a mortgage payment at the track because you believe it’ll all work out. Rather, optimists seem apt to save more because of their positive focus on long-term goals.“Being more optimistic allows you to visualize that positive future that you want to proactively save for,” Gladstone says. “And I think the people who have more negative disposition about the future would struggle to visualize that idealized future and then save sufficiently for it.”Michael Finke — a certified financial planner and Frank M. Engle Chair of Economic Security at The American College of Financial Services — participated in separate research which also found that optimists save more money. He adds that “the triumph of the optimist” lies in their resilience — that when faced with obstacles, “optimists are more likely to believe that they can overcome them.”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,786.50 -2.25 (-0.03%)Dow Futures46,962.00 +4.00 (+0.01%)Nasdaq Futures25,179.50 -5.25 (-0.02%)Russell 2000 Futures2,501.60 +0.60 (+0.02%)VIX16.48 +0.11 (+0.67%)Gold3,982.70 +6.40 (+0.16%)PortfolioSign in to access your portfolioSign inTop gainersORBS Eightco Holdings Inc. 11.07 +2.83 (+34.34%)AMD Advanced Micro Devices, Inc. 203.71 +39.04 (+23.71%)SANM Sanmina Corporation 140.00 +25.92 (+22.72%)MFH Mercurity Fintech Holding Inc. 35.79 +6.38 (+21.69%)AAOI Applied Optoelectronics, Inc. 33.79 +5.86 (+20.98%)Top losersAPP AppLovin Corporation 587.00 -95.76 (-14.03%)CVCO Cavco Industries, Inc. 498.60 -71.83 (-12.59%)QUBT Quantum Computing Inc. 22.16 -2.46 (-9.99%)SKY Champion Homes, Inc. 69.50 -6.85 (-8.97%)PSIX Power Solutions International, Inc. 84.58 -7.70 (-8.34%)Most activePLUG Plug Power Inc. 4.1300 +0.3299 (+8.68%)OPEN Opendoor Technologies Inc. 9.28 +1.17 (+14.43%)AMD Advanced Micro Devices, Inc. 203.71 +39.04 (+23.71%)NVDA NVIDIA Corporation 185.54 -2.08 (-1.11%)ACHR Archer Aviation Inc. 13.64 +2.07 (+17.89%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersAMD Advanced Micro Devices, Inc. 203.71 +39.04 (+23.71%)TMQ Trilogy Metals Inc. 2.0900 +0.0100 (+0.48%)APP AppLovin Corporation 587.00 -95.76 (-14.03%)SPRB Spruce Biosciences, Inc. 130.40 +121.58 (+1,378.46%)FIG Figma, Inc. 56.96 +3.92 (+7.39%)Top economic events