The significance of this was clear at the annual meeting of the American Economic Association this month in San Francisco, where several new research papers showed the seriousness of consumer financial errors and the exploitation of them by sophisticated financial service providers.
Mental impairment makes people more likely to make financial errors and more willing to gamble with their money, said Dr. Robert E. Roush, director of the Texas Consortium Geriatric Education Center at the Baylor College of Medicine.
"Our authorities remember financial errors only of those they want to catch.
Democratic researchers had assembled and released an opposition-research file that focussed on Rubio's relationship with Rivera and on the financial errors, portraying them as evidence of ineptness or profiteering.
The idea that her husband would put her or the children through such an ordeal – even going so far as to move the spare key to prevent his kids escaping – in order to cover up his financial errors was both shocking and an excellent twist.
But consumer advocates and state authorities say the databases are disproportionately affecting lower-income Americans, whose precarious financial footing makes them more likely to end up in the databases for relatively small financial errors like amassing fees or bungling a monthly budget.
