Smart Money Making Decisions DOESN'T Have An Age

So I recently read a Daily Mail article that spoke about the age in which you can make the best financial decisions.

You can read it here.

Suffice to say, I think it's absolute nonsense.

The Daily Mail claim:

"Researchers claim to have found the perfect age for making financial decisions and it hovers between 53 and 54.

After reaching this milestone, workers tend to have gathered enough experience of spending and saving money - but crucially have not started to lose key cognitive skills.

It also marks the age where adults have fewer interest rates and fees to pay off from credit cards and other loans."

I feel like this is for those who have decided to join the never ending rat race at a young age.

Those who have been tied to credit card debt, mortgages and car finance.

The Daily Mail also go on to say:

"Making smart financial decisions demands reasoning skills which differ by age, researchers said.

For example, individuals in their 20s are better at absorbing and processing new information.

However, they lack life experience and 'crystallised-intelligence' - the accumulation of knowledge that generally improves with age."

I completely disagree with this.

If you nurture your financial education and literacy from an age that is below the aforementioned 53 or 54, then I strongly believe that you will be in a position to make these so called decisions well before then.

And one thing I can't actually get my head around is, what actually are these smart money making decisions?

At 53 or 54, I am presuming (of course, not all will be this way) that they will have bought a house, got married, and bought cars.

For those in the rat race, comfortable in life, what other significant financial decisions do they have to make?

The truth is, you're going to be making your most important financial decisions in your 20's and 30's, when you're looking at building a family and a foundation of wealth for future generations.

This article doesn't help anybody.

If the 53 or 54 figure is accurate, shouldn't we be working towards getting that lower?

The only way we can do this is by implementing financial education within our school curriculum.

But this won't happen.

So as I say, it's a pointless article.

What are your thoughts on this?

Do you think 53 / 54 is accurate? Do you think it's lower / higher?