Outside the Box: What the rise of dementia may mean for your financial future [MarketWatch]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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Source: MarketWatch
What the rise of dementia may mean for your financial future When my characteristically organized father-in-law had bills and financial statements piling up on every surface of his home, my husband and I knew something was amiss. As it turned out, he was suffering from dementia, the complications of which would eventually take him from us. Decreased or poor judgment and decision making, especially when it comes to handling money, is one of the early warning signs of dementia. Learning to spot those early signs not only helps families diagnose their loved one, but it also helps mitigate the many financial impacts of the disease. Sadly, the rate of dementia-related diagnoses is rising sharply. According to the Alzheimer’s Association , the number of Americans living with dementia may nearly triple to 16 million by 2050. Because age is the primary risk factor for Alzheimer’s, baby boomers — the first wave of whom are now in their early 70s — are a driving force behind this trend. And whi
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