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Many Americans aren’t saving enough for retirement. Fortunately, a team of finance and marketing professors have figured out how to use time travel to improve your financial outlook. Well, sort of...
The idea was that people would be more motivated (to save money) by a realistic (photo)simulation (of them as they are older) than vague worries about the distant future. And it worked.
In one of a series of tests, the students were given a hypothetical $1,000 to spend as they chose. Those who saw future selves put twice as much toward retirement (average of $172) as those who saw virtual versions of their current selves ($80)...
Retirement planning: Would a photo help you save? - CSMonitor.com
The idea was that people would be more motivated (to save money) by a realistic (photo)simulation (of them as they are older) than vague worries about the distant future. And it worked.
In one of a series of tests, the students were given a hypothetical $1,000 to spend as they chose. Those who saw future selves put twice as much toward retirement (average of $172) as those who saw virtual versions of their current selves ($80)...
Retirement planning: Would a photo help you save? - CSMonitor.com