Why Good Money Advice Fails to Land | Diving In

2026-09-30 · 19 min · 19 entities

episode page audio

Asserted relationships

→ hosted by Justin Wolfers person

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evidence rules-v5
Feed author/publisher: Justin Wolfers
→ hosted by Platypus Economics person

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evidence rules-v5
Feed author/publisher: Platypus Economics
→ discusses Education concept

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evidence rules-v5
Feed category: Education
→ discusses Science concept

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evidence rules-v5
Feed category: Science
→ discusses Social Sciences concept

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evidence rules-v5
Feed category: Social Sciences
→ discusses Courses website

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evidence rules-v5
Feed category: Courses
→ references Platypuseconomics website

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evidence rules-v5
Link in episode "Why Good Money Advice Fails to Land | Diving In": https://youtube.com/platypuseconomics
→ references newsletter.platypuseconomics.com website

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evidence rules-v5
Link in episode "Why Good Money Advice Fails to Land | Diving In": https://newsletter.platypuseconomics.com/
→ references platypuseconomics.com website

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evidence rules-v5
Link in episode "Why Good Money Advice Fails to Land | Diving In": https://platypuseconomics.com/podcast

Entities found in this episode

websites 8

mentioned Courses website

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evidence rules-v5
Feed category: Courses
mentioned Platypuseconomics website

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evidence rules-v5
Link in episode "Why Good Money Advice Fails to Land | Diving In": https://youtube.com/platypuseconomics
mentioned newsletter.platypuseconomics.com website

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evidence rules-v5
Link in episode "Why Good Money Advice Fails to Land | Diving In": https://newsletter.platypuseconomics.com/
mentioned platypuseconomics.com website

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evidence rules-v5
Link in episode "Why Good Money Advice Fails to Land | Diving In": https://platypuseconomics.com/podcast
discusses Courses website

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evidence rules-v5
Feed category: Courses
references Platypuseconomics website

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evidence rules-v5
Link in episode "Why Good Money Advice Fails to Land | Diving In": https://youtube.com/platypuseconomics
references newsletter.platypuseconomics.com website

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evidence rules-v5
Link in episode "Why Good Money Advice Fails to Land | Diving In": https://newsletter.platypuseconomics.com/
references platypuseconomics.com website

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evidence rules-v5
Link in episode "Why Good Money Advice Fails to Land | Diving In": https://platypuseconomics.com/podcast

concepts 7

mentioned Education concept

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evidence rules-v5
Feed category: Education
mentioned Science concept

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evidence rules-v5
Feed category: Science
mentioned Social Sciences concept

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evidence rules-v5
Feed category: Social Sciences
mentioned Diving In concept

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evidence rules-v5
Why Good Money Advice Fails to Land | Diving In
discusses Education concept

0.40

evidence rules-v5
Feed category: Education
discusses Science concept

0.40

evidence rules-v5
Feed category: Science
discusses Social Sciences concept

0.40

evidence rules-v5
Feed category: Social Sciences

persons 4

mentioned Justin Wolfers person

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evidence rules-v5
Feed author/publisher: Justin Wolfers
mentioned Platypus Economics person

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evidence rules-v5
Feed author/publisher: Platypus Economics
hosted by Justin Wolfers person

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evidence rules-v5
Feed author/publisher: Justin Wolfers
hosted by Platypus Economics person

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evidence rules-v5
Feed author/publisher: Platypus Economics

Episode description as stored

Most of us wash our hands even though we've never seen a germ. But when it comes to personal finance, hardly anyone "washes their hands" — and the mistakes are expensive. Justin Wolfers, back from a Stanford keynote to finance educators, argues that ignoring sound financial advice may cost people somewhere between 2% and 10% of their lifetime consumption — putting it in the same neighborhood as the welfare cost of climate change, and dwarfing the 0.1–1% economists usually assign to business cycles. So why won't people listen? Because the public doesn't trust economists: surveys show they rank barely above politicians in favorability. Justin makes the case that the fix isn't more experts screaming about interest rates — it's using plainer speech, telling better stories, showing real empathy, and laying out one clear action at a time. Here's what's in it for you: the employer match you're leaving on the table, the credit card interest compounding daily while your cash sits in savings, the actively managed fund quietly skimming your returns. Small mistakes, moved across a lifetime, add up to real money — yours. Subscribe: on YouTube 👉 https://youtube.com/platypuseconomics on Substack 👉 https://newsletter.platypuseconomics.com the Podcast 👉 https://platypuseconomics.com/podcast Follow on Social Media @PlatypusEconomics and @JustinWolfers