Robert Willis  (Michigan) and Joanne Hsu find dementia impacts financial decision making among Americans over 50

Robert Willis (Michigan) and Joanne Hsu find dementia impacts financial decision making among Americans over 50

NIA Aging Centers News Reference

Bob Willis and Joanne Hsu found that household financial decision-makers who experience dementia often turn over financial management to their partners well after problems in handling money have emerged. In fact, they found that 80% of the money-managing spouses who were approaching or experiencing dementia were still in charge of the couples’ money. And not only can dementia lead to poor financial decision-making, it can also make sufferers susceptible to financial fraud.

Researcher Profile:
Robert Willis (Michigan)

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Related journal article

Additional Media Coverage:

"A Stunning Study On Dementia, Couples and Money" - Forbes. 4/30/2014.

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