
Dementia care can eat through the savings of cash-strapped seniors, a new study warns. The average senior with dementia in non-nursing residential care facilities spent 97% of their monthly income on long-term care, researchers found. Meanwhile, those living in nursing homes spend nearly 83% of their monthly income on their care, results show. “Because dementia 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. “Our study shows that if you compare people with dementia to their age-matched counterparts, they experience costs that are untenable to manage,” Arias added in a university news release. For the study, researchers analyzed data from a national sample of more than 4,500 adults aged 70 and older, focusing specifically on out-of-pocket expenses for dementia care. “It’s really striking to see that the [average] 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.” On average, seniors with dementia paid $3,090 a month out-of-pocket for non-nursing residential care… read on > read on >