Older adults diagnosed with dementia lose their ability to assess how well they manage their finances[1], according to a recent study I co-authored in The Gerontologist. In comparison, people of the same age who don’t have dementia are aware of their financial abilities – and this awareness improves over time.
For our study, we used data from over 2,000 adults in the U.S. age 65 and older, collected during a long-term...