"Young people are inexperienced at being old. A 22-year-old will perceive 20 years as an eternity. To ask this person to save for retirement is like asking the person to give his money to someone else: he cannot picture himself as a retiree."
Some young folks feel doomed when it comes to retirement as they cannot avoid those impulse buys right after getting their hands on a paycheck. But, scientists identified brain activity that linked to spending behavior and how well a person can put off instant rewards for a greater, future return.
Luckily, lack of such brain activity doesn't spell a penniless retirement - the brain can be trained to curb spending addition.