Notes From the Fieldby Martin Weil

Posts Tagged ‘aging’

August 5, 2014

New Research on Aging and Financial Decision Making

… as people age, they become more focused on maximizing positive emotions and social interactions—and more determined to block out negative experiences. This process, which experts call socioemotional selectivity, leads older people—including the affluent—to pay more attention to those who make them feel content and comfortable. At the same time, they are more likely to neglect warning signs that might have been obvious at a younger age.

From the always thoughtful Jason Zweig in the WSJ on new research into older adults and finances.

May 30, 2014

To Age Well, Exercise

So says a new study in the medical journal JAMA and reported by the NY Times. The study found that exercising three hours a week in a combination of walking and light weight training significantly reduced disability rates for those aged 70-89. This is great news for anyone as disability is something most people would prefer to avoid. Most of us are going to live a lot longer than we expect and three hours of moderate weekly exercise seems a small price to pay to avoid the pain and cost of being debilitated.

Sadly, I know that many of our ingrained behavioral rationales “That’s not going to happen to me,” and poor longer-term decision making – failing to save today for great gains later – will cause many of us to stay on the couch.

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