Saving for the future can be difficult because of a cognitive bias known as hyperbolic discounting: our tendency to place greater weight on im…

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The state’s rainy day fund hit an all-time high during budget allocations last April, bringing the total reserve funds to just below $2.2 billion. But while Tennessee’s reserve funds are much higher now than they ever have been, Tennessee still lags behind other states when factoring in the expenses that fund would actually cover.