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Factors Affecting Older People’s Financial Decisions And Their The Well-Being

Table 3:

External factors Internal factors
Economic environment Financial education and financial literacy
Financial system development Age
Culture Focus and attention on financial matters
Religion Cognitive functioning
Stereotypes threats Family dynamics or the choice of who makes the financial decisions
Uncertainty Psychological factors
Access to financial advice Gender and involvement of women in financial decisions in married couples
Demographics The impact of health
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