Problems managing money may surface shortly before Alzheimer's disease sets in
New research finds poor money management skills may indicate that a person with mild memory problems will soon develop Alzheimer's disease. The study is published in the September 22, 2009, print issue of Neurology®, the medical journal of the American Academy of Neurology. The study involved 76 older people with no memory problems and 87 older people with mild memory problems but no symptoms of dementia, known as mild cognitive impairment (MCI). The participants were given a money management test at the beginning of the study and then again after one year. The test included tasks of counting coins, making grocery purchases, understanding and using a checkbook, understanding and using a bank statement, preparing bills for mailing, and detecting fraud situations.
After one year, 25 of the 87 people with MCI had developed Alzheimer's type dementia. The study found that while those people with no memory problems and those with MCI who did not develop dementia scored higher initially and maintained the same scores a year later, the scores of those people with MCI who developed dementia were lower initially and dropped by nine percent on checkbook management abilities, and six percent on overall financial knowledge and skills during the same period.
"Our findings show that declining money management skills are detectable in patients with MCI in the year prior to developing Alzheimer's disease," said study senior author Daniel Marson, JD, PhD, with the Department of Neurology and Alzheimer's Disease Research Center at the University of Alabama at Birmingham.
"Doctors should proactively monitor people with MCI for declining financial skills and advise them and their caregivers about steps they can take to watch for signs of poor money management," said Marson. "Caregivers should consider overseeing a person's checking transactions, contacting the person's bank to find money issues such as bills being paid twice, or become cosigners on the checking account so that both signatures are required for checks written above a certain amount. Online banking and bill payment services are also good options."
Source: American Academy of Neurology
Articles on the same topic
- Poor money management may be early indicator of Alzheimer's disease, say UAB researchersMon, 21 Sep 2009, 16:57:54 EDT
- Poor Money Management May Be Early Indicator Of Alzheimer's Disease, Say UAB Researchersfrom Science DailyWed, 23 Sep 2009, 14:21:40 EDT
- Problems managing money may surface shortly before Alzheimer's disease sets infrom Science CentricTue, 22 Sep 2009, 6:56:32 EDT
- Poor money management may be early indicator of Alzheimer's disease, say UAB researchersfrom Science BlogMon, 21 Sep 2009, 17:21:06 EDT
- Problems managing money may surface shortly before Alzheimer's disease sets infrom Science BlogMon, 21 Sep 2009, 17:21:05 EDT
- Problems managing money may surface shortly before Alzheimer's disease sets infrom PhysorgMon, 21 Sep 2009, 16:56:13 EDT
Latest Science NewsletterGet the latest and most popular science news articles of the week in your Inbox! It's free!
Learn more about
Check out our next project, Biology.Net
From other science news sites
Popular science news articles
- Genetically speaking, mammals are more like their fathers
- Pediatricians face increasing pressure to delay vaccinations
- Astronomers find dust in the early universe
- New views of enzyme structures offer insights into metabolism of cholesterol, other lipids
- Core work: Iron vapor gives clues to formation of Earth and moon
- Widely used food additive promotes colitis, obesity and metabolic syndrome, research shows
- Monster black hole discovered at cosmic dawn
- The Lancet: Scientists report bionic hand reconstruction in 3 Austrian men
- First direct observation of carbon dioxide's increasing greenhouse effect at the Earth's surface
- Bumblebees make false memories too