Aug 29, 2023

Question of the Day: At what age do we make our best financial decisions?

At what age do we supposedly reach our financial decision-making peak?

Answer: Age 53-54

A woman looking at an image of a maze shaped like a dollar sign.


  • What are some factors that might contribute to our making better financial decisions around age 53-54?
  • How much of a role do you think retirement plays in financial decision-making at that age?
  • Could this belief lead to complacency or delay in making important financial decisions earlier in life?
  • Can efforts to increase financial literacy drive this number down, or do you think people will the age range of 53-54 always hold true?


Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.


Behind the numbers (Wall Street Journal):

"The prime years for making smart financial decisions are, on average, 53 and 54.

At around that age, people have accumulated knowledge and experience about money, spending and saving, but haven’t begun losing key analytic cognitive skills. It’s also roughly the age when adults make the fewest financial mistakes, related to things like credit-card use, interest rates and fees."


MOVE: Your Money Values gets your students out of their seat and identifying what's important to them when it comes to money.


Want to learn more about the rationale behind our financial decision making? Check out NGPF's Behavioral Economics unit.

About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.

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