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How Does Age Affect Risk Profile? A Lifespan Overview

According to a 2018 study using data from Germany and the Netherlands, a 10-year increase in a society's median age correlated with a reduction in mean willingness to take risks. This statistic highlights a fundamental truth: age significantly influences an individual's risk profile across multiple domains, including finance, health, and career. The relationship between risk and age is not static but rather a dynamic process shaped by changing priorities, cognitive abilities, and life circumstances.