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Willis and Hsu find dementia impacts financial decision making among Americans over 50

May 01, 2014

Bob Willis and Joanne Hsu found that household financial decision-makers who experience dementia often turn over financial management to their partners well after problems in handling money have emerged. In fact, they found that 80% of the money-managing spouses who were approaching or experiencing dementia were still in charge of the couples’ money. And not only can dementia lead to poor financial decision-making, it can also make sufferers susceptible to financial fraud.

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