“Older adults with financial trouble experience faster cognitive decline, study finds,” by Foster Stubbs, McKnights LTC News
“Older adults who experienced financial insecurity were more likely to develop lower memory function and accelerated memory decline compared to those who did not, according to a March study published in the American Journal of Epidemiology. … Based on the results of the study, the authors suggest that income supports in later life may slow cognitive decline and reduce dementia risk. They note that a reduced capacity for financial recovery later in life can contribute to these hardships.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
One more reason to start early and plan well for future care needs. Unfortunately, most analysts will conclude what’s needed is more government money and regulation to relieve future financial stress. That gets the required intervention backwards. Here’s why. To make sense of what ails LTC, read the Paragon Health Institute’s “Long-Term Care: The Problem” and “Long-Term Care: The Solution” and watch this “virtual LTC event” featuring age wave visionary Ken Dychtwald and leading LTC researchers. To find ample private funds for LTC, check out “Medicaid’s $100+ Billion Leak.” For what not to do, see “Medi-Cal-amity: California’s Reckless Expansion of Medicaid Long-Term Care to the Affluent.” Much more on long-term care here.