NPR: Your Virtual Future Self Wants You to Save Up
A retirement crisis is looming. As people live longer, one study finds that half of all households are at risk of coming up short on retirement money. And while many working households may feel they simply don't have enough to spare for retirement, experts say some of the biggest barriers to saving up are psychological.
Now, new research has found a way around that barrier: providing a virtual glimpse into the future that could help motivate young people to save more for retirement.