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 |