A growing body of research shows money problems are a possible warning sign — rather than only a product — of certain neurological disorders.
One weekday in the spring of 2018, Reynolds sat next to her 77-year-old mother, Jonnie Lewis-Thorpe, in a courtroom in downtown New Haven, Connecticut. She listened in discomfort as strangers revealed intimate details of their own finances in a room full of people waiting their turn to come before the judge.
, a neuropsychologist at the University of Texas at Austin Dell Medical School who specializes in cognitive issues. With Alzheimer’s disease, for example, comes a progressive shrinking of the hippocampus. That’s the catalyst for memory loss that, early in the course of the disease, can cause a person to forget to pay their bills.
For many people older than 65, mild cognitive impairment, or MCI, can be a precursor to dementia. But even people with MCI who don’t develop dementia are vulnerable., a specialist in geriatrics and memory care at the University of Pennsylvania’s Penn Memory Center. “If you have even mild cognitive impairment, you can make mistakes with finances, even though you’re otherwise doing generally OK in your daily life.
“There’s always that part of me that’s going to say, ‘At what point did it turn,’” she said, “‘where I could have had a different outcome?’” It’s a lackluster law, said Naomi Karp, an expert on aging and elder finances who spent eight years as a senior analyst at the Consumer Financial Protection Bureau’s Office for Older Americans. That’s because the act makes training staffers optional and it lacks government oversight.
When she was at the Consumer Financial Protection Bureau, Karp and her colleagues put out a set of recommendations for companies to better protect the wealth of seniors.included proposals on employee training and changes to fraud detection systems to better detect warning signs, such as atypical ATM use and the addition of a new owner’s name to an existing checking account.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
HRT, Even Short-Term Use, Linked to Dementia Risk in WomenShort-term and cyclical use of estrogen and progestin therapy for menopausal symptoms is linked to an increased risk of dementia, results of a large, observational study show. HRT MedTwitter
Weiterlesen »
As a senior motorist, renewing my driver’s license made me a nervous wreckNow, if you are over 70, once again the DMV requires that you take a vision test, a new photo and pass a 25-question written test every five years.
Weiterlesen »
Treasury Secretary Janet Yellen to meet with senior officials in China this weekYellen's trip comes just weeks after Secretary of State Antony Blinken met with China's President Xi Jinping in Beijing.
Weiterlesen »
Treasury's Yellen to visit China this week to expand communicationsU.S. Treasury Secretary Janet Yellen will travel to Beijing from July 6-9 for meetings with senior Chinese officials on a broad range of issues, including U.S. concerns about a new Chinese counterespionage law, a senior Treasury official said on Sunday.
Weiterlesen »
Senior Moments: How to date a perfect 10. Or 12.Our columnist Patricia Bunin writes about the dating lives of older people this week.
Weiterlesen »
‘Unlucky’ Meghan Markle, Prince Harry blame Queen’s death, COVID-19 for career failures: reportThe couple, who quit their duties as senior royals in 2020, after reportedly blaming outside forces for the speed bumps they’ve hit while trying to forge new careers.
Weiterlesen »