Our findings support the notion that financial literary - the ability to access understand and utilize financial concepts - may represent a modifiable risk factor associated with lower likelihood of being hospitalized in later life saidlead author Bryan D. James of Rush University Medical Center Chicago. Read: New research to help frail old people get better support in hospital The study included 388 older adults without dementia enrolled in an ongoing study of factors affecting healthy aging. All participants completed a questionnaire assessing their financial literacy. The assessment included the ability to perform calculations (numeracy) as well as knowledge of financial