Contact Us

With Age Comes Wisdom, Science Has Proved It.

I think we all know the frustration of getting older when it comes to learning new stuff and remembering where you put your glasses.  But now we know there is an up side too.  Lead Scientist Dr Ye Li, of California University in Riverside and his associates have proved  that although older people’s brains slow down, experience and knowledge more than make up for it – helping them make better financial decisions.

You see there are two types of  smarts in this world one called fluid which is the ability to learn and process and the other is  crystallized which refers to what we draw from accumulated experiences and knowledge.

The study performed a series of economic tests found the older group of 163 participants aged 60 to 82 were wiser than the 173 younger counterparts of 18 to 29. When it came to the topics of:

  • temporal discounting’ (how much people discount future gains and losses),
  • loss aversion (how much the valuation of losses outweigh gains of the same magnitude),
  • financial literacy (understanding financial information and decisions)
  • debt literacy (understanding debt contracts and interest rates).

The older group also showed  greater patience and better financial and debt understanding.  Confirming that experience and acquired knowledge from a lifetime of decision making offset the declining ability to learn new information.’

More from I-95 FM

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://i95rocks.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on I-95 FM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on I-95 FM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!