Our financial smarts erode quickly after age 60

 

It must be someone’s idea of a joke. If so, it’s a cruel one. Consider: We ask older Americans to make complicated financial decisions about Social Security, Medicare, retirement distributions and more — just when they are losing their fast ball.

Regardless of gender or education level, Americans become considerably less literate about all things money after age 60, according to a new study.

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Source: Marketwatch.