News Summary

• Jeff Bezos' belief that all decisions are either Type 1 or Type 2 could help.
• Type 1 decisions are “consequential and irreversible or nearly irreversible” Type 2 decisions don’t require as much deliberation, but should still be made with some consideration.
• A Pew Research study found that only 52% of people feel confident in their knowledge of personal finance.
• The rest don't know what Type 1 and Type 2 are, or how to use them to make smart financial decisions.