Tag Archives: money

Why Older Adults Become Fraud Victims More Often

By Science, , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Brain shows diminished response to untrustworthiness, UCLA scientists report

Why are older people especially vulnerable to becoming victims of fraud? A new UCLA study indicates that an important clue may lie in a particular region of the brain that influences the ability to discern who is honest and who is trying to deceive us.

Older people, more than younger adults, may fail to interpret an untrustworthy face as potentially dishonest, the study shows. The reason for this, the UCLA life scientists found, seems to be that a brain region called the anterior insula, which is linked to disgust and is important for discerning untrustworthy faces, is less active in older adults. (more…)

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The Benefits of Taking a Gap Year for College Students

By Education, , , , , , , , , , , , , , , ,

The practice of taking a gap year after graduating high school is becoming more and more popular. Instead of heading to college right away, students instead take a year off to travel — either at home or abroad — to either work, volunteer, or just see the sights.

The gap year isn’t just something that irresponsible students take to postpone the inevitable. For many students, a gap year is a carefully planned step that offers many benefits.

Here are just a few of the benefits of taking a gap year for college students: (more…)

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Beliefs Drive Investors More than Preferences, Study Finds

By Economy, , , , , , , , , , , , , , , , , , ,

COLUMBUS, Ohio – If experts thought they knew anything about individual investors, it was this: their emotions lead them to sell winning stocks too soon and hold on to losers too long.

But new research casts doubt on this widely held theory that individual investors’ decisions are driven mainly by their feelings toward losses and gains. In an innovative study, researchers found evidence that individual investors’ decisions are primarily motivated by their beliefs about a stock’s future. (more…)

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Do Not Rely on Others

By Economy, General, Health, , , , , , , ,

I know that you hope, when you get older, that your children will be there to help you out. That they will take care of you like you took care of them. But I want to warn you now- do not count on it. You cannot count on other people to take care of you. Friends, relatives, even children will not help you out. If they do help you then great but do not set your mind, heart, and financial future to that.

Let me give you an example. An elderly friend of the family got divorced after many, many years. Now on her own for the first time, she thought she could count on her kids to help her out. She moved in with her oldest son. After a few months, things of hers started disappearing. Eventually, she confronted him and he revealed he had been selling her stuff to pay for her ‘expenses’. (more…)

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