An article in today’s Wall Street Journal asserts that, while various life skills seem to deteriorate as people get older, our skill at making personal-finance decisions doesn’t peak until the ripe age of 53. “Baseball players are said to peak in their late 20’s,” writes David Wessel. “Chess players in their mid-30’s. Theoretical economists in their mid-40’s. But in ordinary life, there’s an obvious tension between sheer smarts, often seen in the supple minds of the young, and experience, which comes only with age.”
There’s more at Freakonomics Blog.