Worry and guilt don’t work — people need to use visualize old age to be prompted to save for retirement. (Photo: Shutterstock)

Credit creative visualization: When people are asked to imagine how they’ll be living in retirement, they get motivated to save more.

To determine motivations that drive retirement savings—and to see if people can be motivated to save more —  a survey from Capital Group conducted an experiment.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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