Working memory as a temporary buffer for cognitive processing is an essential part of the cognitive system. Its capacity and select aspects of its functioning are age sensitive, more so for spatial than verbal material. Assumed causes for this decline include a decline in cognitive resources (such as speed of processing), and/or a breakdown in basic control processes (resistance to interference, task coordination, memory updating, binding, and/or top-down control as inferred from neuroimaging data). Meta-analyses suggest that a decline in cognitive resources explains much more of the age-related variance in true working memory tasks than a breakdown in basic control processes, although the latter is highly implicated in tasks of passive storage. The age-related decline in working memory capacity has downstream effects on more complex aspects of cognition (episodic memory, spatial cognition, and reasoning ability). Working memory remains plastic in old age, and training in working memory and cognitive control processes yields near transfer effects, but little evidence for strong far transfer.