Cognitive decline, limited awareness, imperfect agency, and financial wellbeing

Thursday, 15 February 2024 5:30 PM - 7:30 PM AEDT | Allan Barton Forum, Level 2, Building 26C Kingsley Street Acton, ACT 2600

Register via Eventbrite here.

Matthew will address how cognitive decline may lead older individuals to make poor financial decisions, and how the timely transfer of financial control to a reliable agent could offset poor decision making. This timely transfer, he points out, can be compromised by cognitive decline that goes unnoticed.

Expanding on his research paper, Matthew will present survey-based evidence that older individuals possessing significant wealth regard suboptimal timing of the transfer of control as a substantial risk to their financial wellbeing.

Matthew is the Lawrence R. Klein Collegiate Professor of Economics and Research Professor, Survey Research Center, Institute for Social Research at the University of Michigan. He is also a Research Associate of the National Bureau of Economic Research. He received Bachelor and Master degrees from Yale in 1979 and a PhD from the Massachusetts Institute of Technology in 1984.