For example, one experiment had a group of people look at “age-progressed renderings”—digitally aged photos—of themselves to see whether it had any impact on how they allocated money to retirement. It did! Individuals who saw the older versions of themselves allocated about 2% more of their pay (on average) to retirement than people who didn’t see such photos.62 This suggests that seeing a realistic older version of yourself may be helpful in encouraging long-term investing behavior.
