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Financial Decision Making and Retirement Security in an Aging World$
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Olivia S. Mitchell, P. Brett Hammond, and Stephen P. Utkus

Print publication date: 2017

Print ISBN-13: 9780198808039

Published to Oxford Scholarship Online: November 2017

DOI: 10.1093/oso/9780198808039.001.0001

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Introduction

Introduction

Financial Decision Making and Retirement Security in an Aging World

Chapter:
(p.1) Chapter 1 Introduction
Source:
Financial Decision Making and Retirement Security in an Aging World
Author(s):

Brett Hammond

Olivia S. Mitchell

Stephen P. Utkus

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198808039.003.0001

By the end of the next decade, the number of older Americans will have grown rapidly, but half if not more of the elderly will suffer from cognitive deficits after the age of 80. This volume explores how financial decision making changes at older ages, how and when financial advice can be useful for the older population, and what solutions and opportunities are needed to resolve the likely problems that will arise.

Keywords:   pensions, insurance, risk management, aging, financial decision making, retirement security

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