Asset Details
Do you wish to reserve the book?
Understanding the cognitive factors which contribute to individual differences in financial capacity in aging
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Understanding the cognitive factors which contribute to individual differences in financial capacity in aging
Do you wish to request the book?
Understanding the cognitive factors which contribute to individual differences in financial capacity in aging
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Understanding the cognitive factors which contribute to individual differences in financial capacity in aging
2025
Overview
Aging is accompanied by changes in multiple cognitive domains, which can impact older adults’ ability to maintain independence. The ability to manage one’s personal finances is an activity of daily living most often studied in the context of Mild Cognitive Impairment and dementia. However, it is critical that we also understand the nature and sources of variation in financial capacity in cognitively unimpaired populations. This study aimed to establish meaningful individual differences in financial capacity in this population and to define those primary behavioral predictors of individual differences. Applying a partial least squares correlation approach, we found significant associations between financial capacity, as assessed by the Financial Capacity-Short Form, and a battery of neuropsychological and self-report measures in normal aging (
r
= .56,
p
< .001). Key predictors of financial capacity included fluid reasoning, crystallized intelligence, working memory updating, visual memory, and self-reported sleep duration (|
r
s| = 0.29−0.56,
p
s = 0.02− 0.001). These findings indicate that financial capacity is supported by multiple cognitive domains in aging. Further, associations with fluid reasoning and crystallized intelligence suggest some individuals may be more protected against clinically-relevant impairment in financial capacity through cognitive reserve mechanisms.
Publisher
Nature Publishing Group UK,Nature Publishing Group,Nature Portfolio
