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Centre for Policy on Ageing | |
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Dementia and financial incapacity
— a caregiver study | | Author(s) | Olivia DaDalt, Arielle Burstein, Birgit Kramer |
| Journal title | Working with Older People, vol 20, no 2, 2016 |
| Publisher | Emerald, 2016 |
| Pages | pp 66-75 |
| Source | www.emeraldgrouppublishing.com/wwop.htm |
| Keywords | Dementia ; Informal care ; Attitude ; Financial services [older people] ; Social surveys ; United States of America. |
| Annotation | Caregivers' experiences of dealing with the financial aspect of dementia have not been widely discussed. This paper identifies strategies that caregivers of people with dementia use for financial and estate planning, and what advice they would give to others in their position. Data were gathered via in-depth in-person interviews with 34 caregivers of individuals with dementia in Boston, Massachusetts. Participants were asked questions about: how they financed care; the resources and people they used to help manage care and finances; and advice they would give to other caregivers. Caregivers wished that they had done more in-depth planning regarding dementia care and financial arrangements. Participants also wished they had saved more money for care expenses or a "nest-egg". Participants had mixed feelings about the usefulness and trustworthiness of financial advisors, but those who had elder care lawyers recommended them highly. It would be beneficial to rerun this study with a larger, gender-balanced sample with a wider variety of socio-economic backgrounds. The advice and insight provided in this paper would be useful both to dementia caregivers who can learn from the experiences of those interviewed, and to industry professionals such as financial advisors and elder care lawyers, who may recognise from these interviews the areas in which caregivers need assistance and the services they can provide. (RH). |
| Accession Number | CPA-160603200 A |
| Classmark | EA: P6: DP: J: 3F: 7T |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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