Financial capacity in an aging society

Academic Article

Abstract

  • The capacity to manage one's financial affairs, known as financial capacity, comprises a broad range of conceptual, pragmatic, and judgment abilities, used across a range of everyday settings, that are critical to the independent functioning of adults in our society. Older adults are the most vulnerable to cognitive impairment, yet hold a disproportionate amount of wealth in the United States. Financial capacity is also understudied, so the authors present in this issue of Generations a comprehensive look at the four domains of financial capacity: economic, clinical, legal, and public policy. Copyright © 2012 American Society on Aging.
  • Authors

    Published In

  • Generations  Journal
  • Author List

  • Marson DC; Sabatino CP
  • Start Page

  • 6
  • End Page

  • 11
  • Volume

  • 36
  • Issue

  • 2