Worry and guilt don't work —people need to use visualize old age to be prompted to save forretirement. (Photo: Shutterstock)
Credit creative visualization: When people are asked to imaginehow they'll be living in retirement, they get motivated to save more.
To determine motivations that drive retirement savings—and tosee if people can be motivated to save more — a survey from Capital Group conducted anexperiment.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
