Boosting Human Capital Leads to Financial Success for Older Europeans
The article explores how education, health, and other factors influence older people's financial decisions in Europe. The researchers studied data from 11 countries and found that higher education and better health lead to more time spent managing assets, which in turn affects the types of investments made and overall portfolio returns. As people age, the impact of education on asset management becomes more significant. This suggests that human capital and asset management play a crucial role in the financial well-being of older individuals in Europe.