Alert
Close

Watch the NASCAR race on Sunday at Martinsville Speedway. Join the Drive to End Hunger!

Highlights

Close

Introducing RealPad by AARP
You and Your Town Contest-You could win an AARP RealPad
AARP-iPad-ePub-app
AARP Auto Buying Program

Jobs You Might Like

Most POPULAR

Viewed

One More Thing

Meeting Your Future Self

Virtual reality tool promotes retirement saving among young adults

Younger Americans may feel as if retirement is so far off that they don't even need to worry about it. But researchers at Stanford University have identified a tool that may prompt them to start saving money for the years ahead.

See also: Smart money moves to make by age 50.

Using virtual reality goggles, the scientists showed a group of people under age 34 what their faces would look like at age 70. In a subsequent analysis, they found that those who "met" their future selves were likely to save more money for retirement. Study founder Hal Hershfield, working with Allianz Global Investors, hopes to provide the technology to financial planners who work with younger clients.

In this segment of Inside E Street, we see this study at work.

More Information

Increasing Saving Behavior Through Age-Progressed Renderings of the Future Self (pdf)

Allianz Global Investors Center for Behavioral Finance

Also of interest: Will you have enough money for a comfortable retirement?

Remember to go to the AARP home page every day for tips on keeping healthy and sharp, and great deals.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Jobs You Might Like

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

UPS Store membership discount aarp benefits

Members save 15% on eligible products/services, 5% on UPS shipping at The UPS Store®.

membership adt

Small business owners save 20% on new installation of any new ADT security system.

Mujer en la parte de afuera de so negocio

Free quotes for members from the AARP® Small Business Insurance Program.

Member Benefits

Renew today! Members receive exclusive member benefits & affect social change.

Rewards for Good

Your Points Balance:

Learn More

Earn points for completing free online activities designed to enrich your life.

Find more ways to earn points

Redeem your points to save on merchandise, travel, and more.

Find more ways to redeem points

Explore Your Learning Possiblities