Getting some actual numbers into the mix, the best that I’ve found is the Seattle Longitudinal Study.
In this, they began tracking a cohort of individuals from age 25, with retesting of various cognitive functioning every 7 years to see how they improve/decline with age. This is shown (at the link) in figure 3.
Some of these seem less pertinent to the matter at hand. Spatial orientation, for example, doesn’t seem likely to factor into things much. I’d, personally, put the greatest importance on inductive reasoning, verbal ability, and numeric ability. The first maps the closest to general reasoning power; verbal ability is central to understanding what’s being communicated to you; and nonsense and dishonest statistics tie in so tightly to misinformation that I have to assume that numeric ability is strongly tied to immunity against deceit.
However, when we look at numeric ability, we see that it’s a straight drop from 25 years old so, in terms of trying to determine where things start to decline below some reasonable level, the progression of that line doesn’t tell us much about what we’re comparing to.
Trying to continue the lines over to the left, I found this for numeric and reading ability. Using the “normal hearing” data (and ignoring the early reading result), while the researcher used a line fitting algorithm, the dots look to me like they curve a bit with a notable hook around 10-11 years old. This suggests that we would have non-linear growth from age 0 to 25 with a general curve and (as said) a hook at 10-11.
I found this result for inductive reasoning. As best I can tell, the line seems pretty linear between ages 9 and 16.
In all cases, we expect the line to the left of the graph to swoop in to meet the existing lines in a relatively smooth way, so that it looks like a single, continuous graph. This works well with verbal and numeric; I can get a nice line. For inductive reasoning, I either need to assume that we quickly gain it before age 9 or that we have a strange squiggle after age 16. The former seems more likely. I end up with something like this:
https://i.ibb.co/DL7xLpv/Aging.png
To be extremely generous, we admit that this is a vast guesstimate but minus someone else producing something better, it’s what we’ve got.
If we take the view - as society has often done - that we meet the threshold of mental fitness at 18, then the question is when we leave that same level again.
For numeric ability, it looks like we retain it - at the most - only until about age 40. Verbal ability seems to last out until about age 80. Inductive reasoning, I’m tracking out to about age 65. Averaging that out, 62ish seems to be the cutoff point.
We can also look at dollars lost to scammers, by age (p17):
However, this is going to be pretty difficult to tease a meaningful answer out of due to confounders.
- Younger folk probably have less money to lose than older folk so we’re not sure whether the older folk lost more money due to staying scammed for longer or because they simply have more money.
- The number of people per age group is different so we’re not sure what percentage of people were susceptible within that age group.
- A person only reports a scam if they realized that they were scammed. Does a higher report rate mean that they were easier to scam? Or, alternately, does it mean that they were more likely to realize that someone was trying to scam them and so they were able to report it? A lower report rate may mean greater susceptibility to scams.
- Do scammers target a particular age group? Do they target that group because it’s an easier group to scam or because they have more money to lose?
I’ll look up some numbers and try to follow up with some additional info that may help to interpret these numbers in a more useful way. I don’t currently have any answer nor opinion.