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Millennials Struggle to Save in the Face of Uncertainty

Jul 8 2019

Sarah Rapaso of the Stanford Life-span Development Laboratory partnered with IRiSS's Alumni Research Experience Program (AREP) to conduct a pilot study addressing how individuals view saving for their future 70- or 80-year-old selves. Stanford alumni volunteer to be part of a subject pool for social science experiments through AREP. Rapaso and colleagues use virtual reality to generate advanced-age avatars of subject pool participants in an attempt to cultivate empathy for their future selves that could translate to increased retirement savings. This research was covered by CNBC; read the full article.