How the aging brain can affect your finances
Alzheimer’s disease and dementia are two memory-related conditions that are commonly diagnosed in the elderly. The Alzheimer’s Association estimates that one in eight older Americans will suffer from the disease. The rates for dementia are nearly as high. Both conditions target an area of the brain called the hippocampus, the seat of human memory. And the early symptoms of the disease, memory problems and disorientation, can result in the aging forgetting to pay their bills, buying the same items over and over again, and an inability to fill out paperwork and other forms for financial decisions and health care reimbursement. These may seem like little things, but over time they can add up to quite a big financial mess.