Encyclopedia of Gerontology and Population Aging

Living Edition
| Editors: Danan Gu, Matthew E. Dupre

Financial Gerontology

  • Erik SeleckyEmail author
  • Andrzej Klimczuk
Living reference work entry
DOI: https://doi.org/10.1007/978-3-319-69892-2_192-1
  • 6 Downloads

Definition

Financial gerontology can be defined as investigating relations between finances and aging. Authors such as Neal E. Cutler, Kouhei Komamura, Davis W. Gregg, Shinya Kajitani, Kei Sakata, and Colin McKenzie (Kajitani et al. 2017) affirm that financial literacy is an effect of aging with concern about the issue of finances, as well as stating that it is the effect of longevity and aging on economies or the financial resilience of older people.

Overview

Financial gerontology dates back to the 1980s when Jozef Boettner and Davis Gregg started to deal with the effects of financial education on population aging (Vitt and Siegenthaler 1996; Cutler 2016). They felt the need to educate older generations about finances and financial services in a professional way. In the year 1986, the first research entity focused on the financial gerontology, “Boettner Research Institute” in the United States, was founded and led by Gregg. The first director of the Institute was Neal E. Cutler. The...

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References

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Center for Continuing EducationTechnical UniversityZvolenSlovakia
  2. 2.Warsaw School of EconomicsWarsawPoland

Section editors and affiliations

  • Andrzej Klimczuk
    • 1
  1. 1.Warsaw School of EconomicsWarsawPoland