Knowledge at Wharton features a study co-authored by Olivia Mitchell revealing that financial and health literacy decline with age, increasing the risk of poor decisions and vulnerability among older adults—especially women.
Citation:
"Does Financial Literacy Decline with Age?" Knowledge at Wharton, S Parameshwaran, April 1, 2026.
Boyle P, Mitchell O. et al. 2025. "Declining Financial and Health Literacy among Older Men and Women." Science Direct.
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Does Financial Literacy Decline with Age?