Do People with Dementia Get Help Managing Their Money?

IB#18-6

The brief’s key findings are:

  • Dementia severely erodes people’s capacity to manage their finances.
  • But this analysis finds that most with dementia get help – typically from spouses and children – with everyday activities such as writing checks and making deposits.
  • Those who receive help are much less likely to experience severe financial hardship, such as a lack of funds for food or rent.
  • While encouraging, more than 10 percent of those with dementia lack help, and this share could grow because aging boomers have fewer children.