Relatively little theoretical attention has been directed to the question of cognitive status in the latter portion of the life-span. A review of the literature on Piagetian cognitive functioning (i.e., logical operations, animism, moral development, egocentrism) indicated wide individual differences in adulthood cognitive performance with continued cognitive development for at least some middle-age subjects on certain cognitive tasks. Generally, lower levels of cognitive functioning were noted for elderly subjects as compared to adult groups. Several possible interpretations of these age differences were offered: neural degeneration, isolation, ‘terminal drop’, and methodological insufficiencies. The effects of certain demographic variables (e.g., educational level, sex, race, living condition of respondent, and presence or absence of diagnosed chronic brain syndrome) on performance were reviewed and inconsistent results were noted. More precise investigations of the factors influencing cognitive performance in adulthood and aging are recommended.