Financial decision makers and dementia

Came across this article on Forbes. I’ve heard stories in the support groups about money lost due to dementia, either by errors in judgement or by bad guys taking advantage.

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A Stunning Study On Dementia, Couples And Money

“The study of Americans over 50 and their spouses between 1998 through 2008, by economists Joanne W. Hsu of the Federal Reserve Board and Robert Willis of the University of Michigan found that as cognition declines for the “financial decision maker,” money management is eventually turned over to his (or her) “cognitively intact” spouse. No surprise there.

But Hsu and Willis said that handoff from the dementia victim often doesn’t  happen until “well after difficulties handling money have already emerged” and “even after he is aware of his difficulties handling money or has even received a diagnosis of a memory-related disease.” 

The full article at http://www.forbes.com/sites/nextavenue/2014/04/30/a-stunning-study-on-dementia-couples-and-money/

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FTD Support Group – New York City – April 16th

The NYC group meets this Wednesday. I highly recommend it, I go whenever I get the chance.

Meeting Location : The Alzheimer’s Association 360 Lexington Ave., 4th Floor New York, NY, just a couple of blocks from Grand Central. 

Meets: Twice Monthly, First and Third Wednesday,  4:30pm to 5:45pm

Facilitator : Jill Goldman, MS, MPhil, CGC  – 212-305-7382 –JG2673@cumc.columbia.edu

Anyone interested in attending must call Jill Goldman.

Caregiver Support Group Meeting in Norwalk

The Caregiver Support Group at the Norwalk Senior Center is for caregivers of family members or friends diagnosed with Alzheimer’s, Parkinson’s or Dementia. 

NSCDiana Singer will be with us. Her company is called Senior Living Choices, web site: www.senior-living-choices.net.  Diana is a former Executive Director of Maplewood Senior Living Facility.  Please join us and have your questions ready.  

Dementia Care Specialists from Wilton Meadows will provide activities for loved ones while caregivers meet. Please let us know if you will be bringing your loved one.

The group offers caregivers an opportunity to share their experiences, help others by sharing their ideas, find out about resources and information that might be helpful. Meetings are friendly and informal. Occasionally there are themes and guest speakers.

Meetings are on the second and fourth Thursdays of the month. At the meeting on the second Thursday, there are Dementia Care Specialists from Wilton Meadows who provide activities for loved ones while caregivers meet.

Hosted by Lynn Westfield, the group is free and open to all. Membership in the Senior Center is not required. For more information or if you are interested in participating, please call Lynn at (203) 847-3115 ext. 108 or send an email to her at mow@norwalksc.org.