Sharp Brains: Brain Fitness and Cognitive Health News

Neuroplasticity, Brain Fitness and Cognitive Health News


Report: Boomers’ Ability to Make Financial Decisions Often Declines With Age

(Editor’s Note: this timely new report illustrates the need for innovative brain fitness interventions focused on maintaining if not enhancing targeted cognitive functionality, such as driving safety or financial decision-making, leveraging lifelong neuroplasticity and cognitive reserve. What the report presents as inexorable, somewhat genetically pre-programmed decline, it is not.)

BMO Retirement Institute Report: Boomers’ Ability to Make Financial Decisions Often Declines With Age (Market Watch):

– “The BMO Retirement Institute released a report today which raises awareness of the potential impact on aging Canadians of declining cognitive abilities – often caused by Alzheimer’s disease and other forms of dementia – and describes how this decline can affect their ability to make financial decisions.”

– “Titled Financial Decision Making: Who will manage your money when you can’t?, the report highlights Canada’s rapidly aging population; Statistics Canada projects that, within the next ten years, the number of Canadian seniors will exceed the number of children aged 14 or under.”

-“According to the report, the majority of Canadians 45 years and older believe that investment skill increases with age(1). However, several studies have shown that, as a person ages, their cognitive abilities decline, hindering their ability to make sound financial decisions.”

Full report (opens PDF): Here

Leave a Reply...

Loading Facebook Comments ...

Leave a Reply

Categories: Education & Lifelong Learning, Technology

Tags: , , , , , , , , , , , , , , , , , ,

Learn all about the 2017 SharpBrains Virtual Summit in less than 2 minutes

Check out the Summit Agenda and Reserve Your Spot

Search for anything brain-related in our article archives

About SharpBrains

As seen in The New York Times, The Wall Street Journal, BBC News, CNN, Reuters, and more, SharpBrains is an independent market research firm and think tank tracking health and performance applications of brain science.