Personal Finance is Broken—Can These Economists Fix It?

My guests this week, economic professors John Campbell and Tarun Ramadorai, argue that the financial system itself is a powerful contributor to wealth inequality, and that there are ways to improve it. Their new book, Fixed: Why Personal Finance Is Broken and How to Make It Work for Everyone (out October 21), addresses how the bulk of our financial issues are downstream of poor structural design, not personal shortcomings—and what we can do about it.