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Education While Aging: The Importance of Financial Education at an Old Age

Author

Listed:
  • Micher Alexander Gonzalez Monroy

    (Universidad de Cundinamarca)

  • Diana Karina López Carreño

    (Universidad de Cundinamarca)

  • Franklin Guillermo Montenegro Marin

    (Universidad Distrital Francisco José de Caldas)

  • Carlos Enrique Montenegro Marin

    (Universidad de Cundinamarca)

Abstract

This literature review article makes a reflection regarding the importance of financial education at an old age, money management in this stage of life and what physical and psychological problems this age group has. After this reflection, the following aspects emerged: economical sustainability at an old age, balance between savings and spending level, how seniors invest, the need of financial education, economic forecast for foreseeable health emergencies, retirement planning, financial autonomy, and risk profile. This document explores financial education main principles from a technical point of view of different authors and the way they can be used in real life.

Suggested Citation

  • Micher Alexander Gonzalez Monroy & Diana Karina López Carreño & Franklin Guillermo Montenegro Marin & Carlos Enrique Montenegro Marin, 2025. "Education While Aging: The Importance of Financial Education at an Old Age," Springer Proceedings in Business and Economics,, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-94487-1_8
    DOI: 10.1007/978-3-031-94487-1_8
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