I know this is an old article. This study states that people's financial decision-making peaks at the age of 53. Does anyone feel like they are making worse decisions as they age?

https://www.federalreserve.gov/econresdata/older-adults-survey/July-2013-Financial-Decisionmaking-of-Older-Adults.htm?

Poor decisionmaking can have real financial consequences. A notable study of financial decisionmaking by adults of all ages points out that many consumers make poor financial choices, but older adults are susceptible to such errors, often making mistakes because of declining cognitive ability.³⁴ Younger consumers are vulnerable as well; however, their mistakes are more likely to be due to inexperience. The decline of many aspects of cognition, including the ability to quickly process information, recall information from long-term memory, and reason (also called "fluid intelligence") may begin as early as age 20 and, for some people, this decline can quickly accelerate after age 60. For older adults, however, accumulated knowledge and experience ("crystallized intelligence") may help compensate for some degree of cognitive decline. The study's authors describe financial decisionmaking as a U-shaped curve at the bottom of which the best financial decisions (least costly mistakes) are made at or about age 53.

Financial decisions are so much easier today than they were 20 years ago it is hard to imagine people that are actually trying making worse decisions now than they did then.

1 minute ago, Yellowtail said:

Financial decisions are so much easier today than they were 20 years ago it is hard to imagine people that are actually trying making worse decisions now than they did then.

I have to agree that more information is available to make better decisions. Will the results change if the study is redone in ten years?