Studies suggest financial decision-making ability tends to reach its peak in a person’s mid-50s, after when deterioration sets in.
The older brain seems more susceptible to “too good to be true” scams, from lotteries to dating schemes. According to the “Scams Team” at Britain’s National Trading Standards, a consumer-protection body, the average age of victims of mass-marketing scams is 75.
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I wonder how the world is going to deal with aging decision-makers.