How to teach Aussies about retirement - let them hold $1 million in cash

[mustachepungoeshere]

http://www.news.com.au/finance/money/heres-your-chance-to-handle-1-million-in-cold-hard-cash/story-e6frfmcr-1227576358369

In a PR stunt that aims to change the way we think about our retirement, young Australians are invited to handle up to $1 million in cold, hard cash at a secret location in Melbourne this morning.
The fun begins at 9am (AEDT), starting with a quick superannuation balance check, and a prediction of how much will be available down the track.
... Then it’s into the vault you go, where you’ll get to fondle stacks upon stacks of $50 bills.
... Psychologist Simon Kinsella said human beings were hardwired to avoid planning for the future, but that handling real cash could help close the “psychological gap”.

[elaine amj]

Interesting idea. At the very least it should get the young folks a little more excited about saving?

[clarkfan1979]

I read a magazine article about seeing their future faces helped people save. I never read the original scientific article.

[flan]

I read a magazine article about seeing their future faces helped people save. I never read the original scientific article.

Is it this article you're referring to? http://www.dangoldstein.com/papers/Hershfield_Goldstein_et_al_Increasing_Saving_Behavior_Age_Progressed_Renderings_Future_Self.pdf

[patrickza]

I wonder how they make sure that no money leaves the vault. Do you think they count it after every person? I imagine you're in there with security, but anyone who's been to a magic show knows it would be very easy for a skilled person to leave with a few notes.