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...
This is a preview of subscription content, log in via an institution to check access.
References
Allenby B (2013) Talking ‘bout my generation: the real walking dead. Slate. https://slate.com/technology/2013/10/the-big-problem-with-longevity-old-people.html?via=gdpr-consent. Accessed 23 June 2019
Cutler NE (2008) Financial gerontology, family aging, and middle-aged boomers: using the “senior sandwich generation” concept in retirement planning. TIAA Institute, New York, pp 1–14
Cutler NE (2016) Twenty-five for 25: a quarter-century of financial gerontology. J Financ Serv Prof 70:25–33
Gracova D, Spulber D, Selecky E (2017) Universities of the third age in Europe. Carocci, Roma
Kajitani S, Sakata KEI, McKenzie C (2017) Occupation, retirement and cognitive functioning. Ageing Soc 37:1568–1596. https://doi.org/10.1017/S0144686X16000465
Kindleberger CP (1990) Engel’s law. In: Kindleberger CP (ed) Economic laws and economic history. Cambridge University Press, Cambridge, UK, pp 3–20. https://doi.org/10.1017/CBO9780511559495.003
Klimczuk A (2013) Universities of the third age in Poland: emerging model for 21st century. J Educ Psychol Soc Sci 1(2):8–14
Klimczuk A (2016) Comparative analysis of national and regional models of the silver economy in the European Union. Int J Ageing Later Life 10(2):31–59. https://doi.org/10.3384/ijal.1652-8670.15286
Komamura K (2017) Longevity across the disciplines: new frontiers in financial gerontology. Keio University, Tokyo. https://www.keio.ac.jp/en/keio-times/features/2017/2/. Accessed 23 June 2019
Migliaccio JN (2017) Planning for the utterly unexpected: advice for the retirement advisor. J Financ Serv Prof 71:32–37
Migliaccio JN (2019) The ageism within and how to counter it. J Financ Serv Prof 73:26–31
Mitra S (2017) Our future – the problem with longevity. HuffPost News. https://www.huffpost.com/entry/our-future-the-problem_b_14003944. Accessed 23 June 2019
Selecky E (2017) Universities of the third age in Europe – best practice. Technical University in Zvolen, Zvolen
Timmermann S (2016a) Life planning and retirement planning: where do they intersect? J Financ Serv Prof 70:33–36
Timmermann S (2016b) Shocks and loss in retirement: preventing despair, promoting resilience. J Financ Serv Prof 70:34–38
Timmermann S (2018) Financial gerontology: what is it? Do we need it? What can we learn? J Financ Serv Prof 72:37–42
Vitt LA, Siegenthaler JK (eds) (1996) Encyclopedia of financial gerontology. Greenwood Press, Westport
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Section Editor information
Rights and permissions
Copyright information
© 2019 Springer Nature Switzerland AG
About this entry
Cite this entry
Selecky, E., Klimczuk, A. (2019). Financial Gerontology. In: Gu, D., Dupre, M. (eds) Encyclopedia of Gerontology and Population Aging. Springer, Cham. https://doi.org/10.1007/978-3-319-69892-2_192-1
Download citation
DOI: https://doi.org/10.1007/978-3-319-69892-2_192-1
Received:
Accepted:
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-69892-2
Online ISBN: 978-3-319-69892-2
eBook Packages: Springer Reference Biomedicine and Life SciencesReference Module Biomedical and Life Sciences