LOL: Is 'financial vulnerability' a medical condition?

There are many ways to mark how we age, from gray hair to a sudden need for reading glasses to, for men, the dilemma of wearing a belt above the belly or below.

Financial decision-making ability is another thing that changes, and now some prominent medical experts want that shift identified as a medical syndrome.

Also read: A key financial habit that can make you rich

"Even cognitively intact older adults can have 'functional' changes that may render them financially vulnerable," wrote Mark S. Lachs and S. Duke Han from Weill Cornell Medical College, in a recently published article in the Annals of Internal Medicine.

They define the condition, which they call age associated financial vulnerability (or AAFV), as "a pattern of financial behavior that places an older adult at substantial risk for a considerable loss of resources such that dramatic changes in quality of life would result," and these patterns would be "inconsistent with previous patterns of financial decision making during younger adult life."

https://au.finance.yahoo.com/news/is--financial-vulnerability--a-medical-condition-103238277.html

LOL: Is 'financial vulnerability' a medical condition?

LOL: Is 'financial vulnerability' a medical condition?

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