Memories also decay
As well as remembering new things people forget things. The tendency to forget is not necessarily tied to the temporal proximity of an event - it seems to be related to a combination of both temporal proximity and salience to the person concerned.
CONTEXT(Help)
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The Arrow of Time  »The Arrow of Time 
The experience of time »The experience of time
Passage view components »Passage view components
Flow and direction of time? »Flow and direction of time?
Memory accretion hypothesis  »Memory accretion hypothesis 
Direction is that of memory accretion »Direction is that of memory accretion
Memories also decay
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