Keith Jacks Gamble|Patricia A. Boyle|Lei Yu|David A. Bennett
Aging and Financial Decision Making
DePaul University|Rush University Medical Center|Rush University Medical Center|Rush University Medical Center
study examines cognitive changes associated aging impact financial decision making capability older americans find decrease cognition associated decrease financial literacy decreases episodic memory visuospatial ability associated decrease numeracy decrease semantic memory associated decrease financial knowledge decrease cognition also predicts drop selfconfidence general importantly associated drop confidence managing ones finances participants experiencing decreases cognition show increased likelihood getting help financial decisions however many participants experiencing significant drops cognition still get help