Wow – cognitive aging causes worsening financial decisions after 53 – what about the macro?

Salon article by Andrew Leonard really brings up an interesting issue. If we make poorer financial decisions beyond age 53, what happens when much of the countries wealth is controlled by that same group of people? Humorous thought “But anyone who has attempted to convince his or her grandmother to stop driving will likely quail at the thought of engaging in some similar effort on a national, baby-boomer-size scale. Throw some Tea Party anti-government rage into the mix and, well, maybe it’s best just not to think too much about it.”

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