The bad news: our brains slow down as we age. As early as our 30s, "fluid intelligence" starts deteriorating. The good news: another type of smarts—"crystallized intelligence," or the ability to use skills, knowledge, and experience—keeps growing until we get elderly. During a recent Public Affairs Forum at the Atlanta Fed's headquarters, Columbia University Business School Professor Eric Johnson explained how fluid intelligence and crystallized intelligence affect people's financial decision making.
As We Age, We Get Both Smarter and Less Smart
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The bad news: our brains slow down as we age. As early as our 30s, "fluid intelligence" starts deteriorating. The good news: another type of smarts—"crystallized intelligence," or the ability to use skills, knowledge, and experience—keeps growing until we get elderly. During a recent Public Affairs Forum at the Atlanta Fed's headquarters, Columbia University Business School Professor Eric Johnson explained how fluid intelligence and crystallized intelligence affect people's financial decision making.