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Thursday, March 15, 2012
Seriously, though, a problem people have saving is that they view their older selves as strangers. After all, they have never met their older selves! This is the interesting research finding produced by Hal Ersner-Hershfield et al. detailed in Social Cognitive and Affective Neural Science. I learned about it at the Investment Fiduciary site. It is reasonable that, if we see our older self as a stranger, it makes it more difficult to save - especially for retirement.
Today there is a way to overcome this hurdle because there is (you guessed it!) an app that will take a current picture and age it digitally so you can meet your future stranger self! The app is a $0.99 iPhone app called AgingBooth.
You can see my aging picture on the main page to this blog :)
I hope they come up with an app soon that makes us all younger so we can save more at an earlier age!