In the News

Title

How to help aging parents manage their money

Document Type

Article

Publication Date

10-11-2017

Abstract

Numerous studies have shown that our ability to manage complex tasks diminishes as we get older. For financial tasks, the decline typically starts after age 60. But because the decline is gradual, many seniors don’t realize that they’re having trouble managing their money, says Michael Finke, dean of the American College of Financial Services, who has researched cognitive decline’s impact on financial decision-making.