"Reasonable people make poor financial decisions--they save too little, invest unwisely, take on too much expensive debt, and have too little protection against sundry risks. Campbell and Ramadorai, two of the world's leading authorities on personal finance, explain why the financial system is rigged against ordinary people. Always clear, never dull, and hugely informative, this book is written for the smart layperson who has never taken a finance class (and many who have) but cares deeply about fixing finance." --Raghuram G. Rajan, former Governor of the Reserve Bank of India and author of Fault Lines: How Hidden Fractures Still Threaten the World Economy "This book makes it clear that there are many avenues to improve the functioning of personal finance. The book offers ideas that can make for genuine boosts in personal well-being of ordinary people in the United States and around the world." --Robert J. Shiller, winner of the 2013 Nobel Prize in economics and author of Irrational Exuberance "The field of financial economics focuses almost exclusively on asset pricing, complex financial transactions, and other technical subjects to the neglect of the ultimate purpose of the financial system--allowing average people to live better, achieve life goals, and retire securely.

Campbell and Ramadorai remedy this glaring oversight with a deep and insightful discussion of what is wrong with contemporary consumer finance and how to fix it." --Ben Bernanke, former Federal Reserve Chair and Nobel Laureate in Economics "Campbell and Ramadorai brilliantly argue that for most people the gargantuan financial system fails to deliver. Their call for public policy 'shoves,' rather than 'nudges,' to fix the personal finance market must be urgently heeded." --Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF).