Seeing is believing. As part of a social experiment at Stanford, a virtual reality mirror was developed. A student wore V-R goggles and looked into the mirror. Except that the V-R mirror reflected an image of how the student would look when 70 or 80. Having seen themselves grow old, students were more responsible in allocating funds for retirement. Other students could not visualise life at 70 and hence allocated less money to retirement funding. Kudos to Stanford for a brilliant method of educating youngsters about saving for retirement.
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