Your Alzheimer's Community
If you know someone with Alzheimer's disease or have been diagnosed yourself, this is your community. Alzheimers.net grew out of the need to have a social network that will be a respite, a resource and a way to connect with others who share a common bond. Get authoritative, up-to-date resources and advice from professionals with expertise about Alzheimer’s disease and related dementias.
A recent study by Northwest Mutual Insurance discovered that caregivers in the United States are spending more money on caring while financially planning less. The study found that 7 in 10 caregivers reported lowering their own spending to be able to pay for caregiving costs for a parent or senior loved one.
Learn more about the cost of dementia care in the U.S. and the increased financial pressure on caregivers caring for senior loved ones.
The C.A.R.E. Study
The 2018 Costs, Accountabilities, Realities and Expectations (C.A.R.E.) Study polled Americans on many aspects of caregiving and longevity.
Managing finances for a parent or senior loved one with dementia can be a challenge. It’s important to regularly perform financial checkups to make sure you’re budgeting effectively as care needs and finances change.
Dementia is an emotional disease for everyone involved. Adding financial responsibility to an already difficult situation can heighten frustration. This is why it’s so important to do your due diligence to make sure legal documents are prepared ahead of time. This will help your family not only make more informed decisions but will also protect financial assets as your loved one’s care needs change and Read more