Alzheimer’s and other forms of dementia leave seniors at risk for financial mismanagement and exploitation. With few regulatory safeguards, it falls on families to monitor the risk and intervene.
By 2030, an estimated 9 million Americans will be living with some sort of dementia. They will need health care and social support and also consumer financial protection. That’s because people with dementia are at risk for losing control of their money. As Sarah Boden of WESA in Pittsburgh explains, these problems can even be early symptoms of illness.