Long term memory (or, for the acronym lovers,
LTM) has a potentially limitless capacity. Or, it could be
that there is a limit to it, and we just don't live long
enough to discover that limit.
This is but one of the mysteries surrounding long term
memory. Like all brain functions, modern science is busily
at work to work out the technicalities of how we create,
store, and recall memories. This much is known: long term
memory is stored as meaning. This differs from short term
memory, which stores an item for no longer than thirty
seconds, is a temporary strengthening of neural connections.
Neurobiologists believe short term memory becomes long term
memory through a process of rehearsal and meaningful
association. Through this process, what was a temporary
strengthening of neural connections is repeated and "set"
long enough that the actual structure of the neurons is
physically changed. Once the neural connection is made more
solid, long term memory can last from anywhere from thirty
seconds to as long as decades and beyond.
Once established as long term, each memory is subject to
fading, for assorted reasons, in the natural forgetting
process. As such, multiple recalls or retrievals of a memory
may be necessary for long term memories to last to their
full potential. This also depends on the depth at which the
memory is processed (how strong the neural connection
becomes, through meaning and association). To put this all
simply: long term memories are stored at a rate and depth
dependant on the amount of meaning associated with the
memory, and will last potentially all our lives, depending
on how often and meaningfully we recall them. This recall
can be deliberate or happen naturally, and is often
dependent on our individually perceived importance of the
material.