COGNITIVE DECLINE, FINANCIAL DECISION-MAKING, AND WEALTH OF OLDER HOUSEHOLDS - Abstract citation ID igaf122.1439

Sep 29, 2026

Upload by jay

Cognitive ability affects older adults’ economic well-being. This study examines the relationship between cognitive decline, intra-household switching of financial responsibility, and changes in household wealth using the Health and Retirement Study (HRS) from 2006–2020. Cognitive decline is captured via objective test scores for respondents aged 50+. Outcomes include whether financial responsibility is switched within households and how financial wealth changes over time. Across consecutive waves, about 35% declined, 35% improved, and 15% stayed the same, with 35% not switching responsibilities.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

AccessFree to download

Abstract

Data source and measures

Outcomes and analysis approach

Key findings and implications

FAQs

What data source and time range does the study use?

It uses the Health and Retirement Study (HRS) spanning 2006 to 2020.

How is cognitive decline measured in the study?

Cognitive decline is measured through decreases in respondents’ objective test scores.

What are the main outcomes analyzed?

The study analyzes switching financial responsibility within the household and the impact on changes in financial wealth over time.

Sep 29, 2026

Upload by jay