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Age might bring wisdom, but it doesn’t do much for financial confidence.

At least not until you reach your 60s.

New research from LearnVest finds that people in their early 20s and late 60s feel the most confident about their money, while people ages 35-44 feel the least.

In fact, an analysis of survey responses from over 10o,000 LearnVest site visitors found that financial confidence levels over a lifetime create a U-curve.

Earnings, however, create the opposite shape, peaking in a person’s 30s, 40s, and early 50s. Apparently, it’s when people are earning the most that they feel the least confident about it.

LearnVest suggests that this seeming discrepancy is actually more related to the blue line in the graph below: average income growth rate over time.

Although the youngest people surveyed aren’t earning much compared to the older groups, they are experiencing high average levels of income growth, which “makes it more likely that they’ll have the cash flow to at least cover their current expenses and debt payments — keeping confidence high,” the whitepaper reads.

Of course, the root of this discomfort probably has a lot less to do with how much money is coming in than how much money is going out. Read more … Why 30-Somethings Freak Out About Money Just As They Enter The Prime Earning Years – Business Insider

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