If only you could put off every important financial decision until your 53rd birthday, you’d really save a bundle over the course of a lifetime. In today’s Wall Street Journal, “Capital” columnist David Wessel reports on a study by four leading economists demonstrating that “middle-aged adults tend to borrow at lower interest rates and pay fewer fees than younger and older adults.” The optimal decision-making age, according to the economists:  53. They sifted through financial records for tens of thousands of consumers, looking at  decision-making on products ranging from home equity loans to credit card payments. Middle-aged adults seem to borrow at lower rates and pay fewer fees.

This entry was posted on Thursday, March 22nd, 2007 at 1:47 pm and is filed under Financial Services. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.