Anxiety, depression can diminish retirement savings

ITHACA, N.Y. – Psychological distress can take a toll on more than just health. It can also significantly damage retirement savings, according to a new study by a Cornell University financial economist and her co-author. Mental health problems can have a large negative effect on retirement savings, the study found. Three factors make the research […]

Brain changes make some older adults more vulnerable to scams

ITHACA, N.Y. – Older adults who have been scammed by friends, relatives or strangers seem to behave just like elders who have avoided rip-offs. They are able to balance their checkbooks. They can remember and evaluate information. Their personalities are normal, and their arithmetic is fine. But their brains are different. For the first time, […]