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aging parent is diagnosed with dementiaAging Parent Runs Out of Moneyaging parentsDementia Diagnosis

Why Aging Parents With Memory Loss Should Stop Managing Money

A new study published in the New York Times demonstrates some startling findings about loss of ability to make money decisions in older people. The study approaches the issue by looking at debt accumulation and reduced credit scores in elders long before being diagnosed with Alzheimer’s disease or related dementias.…
Mikol Davis
June 17, 2024
aging parentAging Parent Runs Out of Moneyaging parentsFinances For Aging Parents

Danger: Can You Stop Aging Parents’ Overspending, Running Low On Funds?

Briana called in distress. She was feeling panicky and angry. Her 80-year-old mother, Rhonda, had just bought another new car she could not afford. Briana explained that her mother’s funds were limited, but she kept insisting on living the life she had before her husband passed. Her parents had…
Carolyn Rosenblatt
November 11, 2022