Problem: Financial mistakes vary by the age of people, which of the following is NOT an accurate statement? A. People in their 50s tend to take too much risk trying to catch up as they consider retirement. The peak earning years are around 53 years old. B. People in their 20s are too safe and avoid risky investments C. People in their 60s can suffer cognitive decline, it is important to delegate financial planning to others D. People in their 30s spend too much and try to live the lifestyle of their parents (lifestyle creep). They may buy a home too early. E. People in their 40s tend to borrow a lot of money from their parents, this will result in having to pay this back as they age.