Dementia care can eat through the savings of cash-strapped seniors, a new study warns.
is such an expensive illness, it really is in a category of its own when we start to think about funding for long-term care,” said senior study author Jalayne Arias, an associate professor in the Georgia State University School of Public Health.to their age-matched counterparts, they experience costs that are untenable to manage,” Arias added in a university news release.
“It's really striking to see that the individual with dementia is basically putting nearly all of their income toward long-term care,” said lead researcher Jing Li, an assistant professor of health economics at the University of Washington School of Pharmacy. “We hear about this anecdotally, but to get confirmation of that from the data is really concerning.”
By comparison, older adults without dementia spent $2,801 a month average for non-nursing residential care and $2,176 a month at nursing homes. For example, Washington state established the nation's first public long-term care insurance program in 2019, but benefits are capped at $36,500 when adjusted for inflation.
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