According to HealthDay (9/18, Mundell), “seniors who develop dementia begin to lose their wealth in the eight years before a definitive diagnosis,” according to findings published online in a research letter in JAMA Neurology. Examining “medical records, researchers compared the financial health of two groups of participants: One group of about 5,400 people whose mental capacity (and that of their spouse) remained stable throughout those two decades, and another group of nearly 2,700 people where dementia was probable and then at some point definitively diagnosed.” The study revealed that “in the years leading up to a dementia diagnosis, average net worth fell by more than half.”
Related Links:
— “Older Americans’ Finances Decline in Years Before Dementia Diagnosis,”Ernie Mundell, HealthDay, September 18, 2023