Designing Evidence-Based Communication for Elderly Consumers in Financial Distress

Description

To achieve this goal, Dr. Loibl and her collaborators at Leeds University Business School pursued four objectives:

  1. Characterize expert knowledge about the financial risks and challenges elderly consumers face in making decisions about asset decumulation, debt management and financial planning strategies.
  2. Characterize elderly consumers’ beliefs and challenges they perceive in making decisions about asset decumulation, debt management and financial planning strategies.
  3. Determine how the beliefs and challenges elderly consumers face in asset decumulation, debt management and financial planning strategies are associated with their financial decisions and experienced outcomes.
  4. Develop recommendations for regulators, the financial advising industry, and consumer advocacy groups about how to facilitate elderly consumers’ decisions about decumulation, debt management and financial planning strategies.

 

 

Project website

https://cordis.europa.eu/project/rcn/107483/factsheet/en