Borrowing decisions with the fewest fees occur for middle-aged adults, peaking around age 53, even after controlling for credit risk, home value, and income¶
Claim · All claims
Evidence · 1 study · reviewr2·q2
Currency · newest study 2012 · not yet checked against its sources · not reviewed by a person · overdue for a recheck since 2017: baselines and conditions change
Subclaims¶
Reading the evidence codes
q is the design tier, i the impact, n the sample, and the kind with its r
the rigour judged within that kind: what each code means.
This claim: no standardized effect is recorded in observations/ for it yet, so no benchmark reading is possible.
q2 i? In a large database of borrowing records, loans with the fewest fees across several contexts occurred for middle-aged adults. → Salthouse 2012
Evidence¶
Salthouse 2012¶
Salthouse, T. (2012). Consequences of Age-Related Cognitive Declines. Annual Review of Psychology, 63, 201-226. https://doi.org/10.1146/annurev-psych-120710-100328
q2 · i? · review · r2
Review describing Agarwal et al.'s (2008) observational analysis of an extensive borrowing database. The review reports favorable borrowing "occurred for middle-aged adults", with the authors speculating an optimal balance of reasoning ability and experience around age 53.
"The major finding was that borrowing with the fewest fees in several different contexts, including mortgages, home equity loans, auto loans, and credit card interest rates, occurred for middle-aged adults"
Discussion¶
Related Claims¶
- Cross-sectional age relations show monotonic decline in fluid cognition (age-reasoning correlation about −0.40) but stability followed by decline for acquired knowledge
- Meta-analyses reveal little or no systematic relation between age and job performance, with a meta-analytic correlation of 0.06
Page metadata
| Field | Value |
|---|---|
type |
claim |
id |
financial-decision-peak-middle-age |
title |
Borrowing decisions with the fewest fees occur for middle-aged adults, peaking around age 53, even after controlling for credit risk, home value, and income |
description |
Borrowing decisions with the fewest fees occur for middle-aged adults, peaking around age 53, even after controlling for credit risk, home value, and income |
status |
review |
evidence_strength |
weak |
newest_evidence |
2012 |
recheck_by |
2017 |
generated |
by process:wiki-ingest on 2026-10-17 |
trust |
unverified — no one has confirmed this page's content |
sources |
1 — salthouse-2012 |
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