Sunday, September 28, 2025
Science
No Result
View All Result
  • Login
  • HOME
  • SCIENCE NEWS
  • CONTACT US
  • HOME
  • SCIENCE NEWS
  • CONTACT US
No Result
View All Result
Scienmag
No Result
View All Result
Home Science News Bussines

Cognitive declines preceding Alzheimer’s diagnosis lead to credit card, mortgage delinquency

May 31, 2024
in Bussines
Reading Time: 3 mins read
0
66
SHARES
599
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

(May 31, 2024) — In the years prior to an Alzheimer’s disease or other memory disorder diagnosis, credit scores begin to weaken and payment delinquency begins to increase, concludes new research led by Georgetown University. The findings show consistent deterioration in these financial outcomes over the quarters leading up to diagnosis. The findings also show that credit card and mortgage delinquencies, specifically, both increase substantially prior to diagnosis. 

(May 31, 2024) — In the years prior to an Alzheimer’s disease or other memory disorder diagnosis, credit scores begin to weaken and payment delinquency begins to increase, concludes new research led by Georgetown University. The findings show consistent deterioration in these financial outcomes over the quarters leading up to diagnosis. The findings also show that credit card and mortgage delinquencies, specifically, both increase substantially prior to diagnosis. 

The research was released today by the Federal Reserve Bank of New York (FRBNY). (“The Financial Consequences of Undiagnosed Memory Disorders”).

“Most memory disorders aren’t diagnosed until symptoms are severe, yet, given the progressive nature of disease, cognitive decline usually starts many years prior,” says health economist and the study’s lead researcher, Carole Roan Gresenz, PhD, a professor in Georgetown’s School of Health and McCourt School of Public Policy. “The earliest changes in cognition might not be noticeable by family members and friends, but may be quietly compromising financial decision-making.” 

For the study, Gresenz teamed up with collaborators from Georgetown, including a neurologist who specializes in memory disorders as well as researchers at the FRBNY. They examined the effect of undiagnosed memory disorders on credit outcomes using nationally representative credit reporting data merged with Medicare data (all anonymized). Credit cards and mortgages are the primary components of debt among those 70 years and older. 

According to Gresenz, increased credit card delinquency was observed more than five years prior to diagnosis, while mortgage delinquency was seen three years prior. 

“The results are striking in their clarity and consistency,” she added. “The financial decline we observe mirrors the cognitive decline that these individuals are experiencing: credit scores consistently decline, quarter by quarter, and probability of delinquency consistently increases as diagnosis approaches.” 

The work builds on previous research conducted by Gresenz. That work, which used survey data on roughly 10,000 households, showed that prior to an Alzheimer’s diagnosis, a person in the early stages of the disease faces a heightened risk of adverse financial outcomes — a likely consequence of compromised decision-making when managing money  and financial exploitation by others. The research was published in 2019 in the journal Health Economics.

Gresenz added, “In addition to the human toll, a diagnosis of this type can be financially disruptive to families and exacerbated by the harmful financial effects of undiagnosed memory disorders. Our findings substantiate the possible utility of credit reporting data for facilitating early identification of those at risk for memory disorders.”

###

In addition to Gresenz, authors include Jean M. Mitchell and R. Scott Turner of Georgetown and Belicia Rodriguez and Wilbert van der Klaauw‖ of the FRBNY. The authors report having no personal financial interests related to the study.

The research was supported by the National Institute on Aging of the National Institutes of Health (R56AGO53272 and R01AG080623). The content of and views expressed do not necessarily represent the official views of the Federal Reserve Bank of New York or the Federal Reserve System or the National Institutes of Health.

 



Method of Research

Data/statistical analysis

Subject of Research

People

Article Title

(May 31, 2024) — In the years prior to an Alzheimer’s disease or other memory disorder diagnosis, credit scores begin to weaken and payment delinquency begins to increase, concludes new research led by Georgetown University. The findings show consistent deterioration in these financial outcomes over the quarters leading up to diagnosis. The findings also show that credit card and mortgage delinquencies, specifically, both increase substantially prior to diagnosis. The research was release

COI Statement

The authors report having no personal financial interests related to the study.

Share26Tweet17
Previous Post

Synthetic plugs offer alternative to total knee replacements

Next Post

ASCO: Novel CAR T therapy and shorter targeted therapy durations show promise for patients with leukemia

Related Posts

Bussines

Evaluating Benefit-Risk Reporting in FDA-Cleared AI-Enabled Medical Devices

September 26, 2025
blank
Bussines

Survey Finds 60% of Shoppers Reduce or Avoid Beef Consumption Amid Rising Prices

September 25, 2025
blank
Bussines

Robot or Human? It Depends on the Situation, Large Study Reveals

September 25, 2025
blank
Bussines

Fraud protection system mistakenly flags thousands of innocent banking customers

September 25, 2025
blank
Bussines

Funding research for a cause? Don’t chase the wrong leads.

September 24, 2025
blank
Bussines

Widespread UK Public Backing for Stricter Regulations on Advertising High-Carbon Products and Services

September 24, 2025
Next Post

ASCO: Novel CAR T therapy and shorter targeted therapy durations show promise for patients with leukemia

  • Mothers who receive childcare support from maternal grandparents show more parental warmth, finds NTU Singapore study

    Mothers who receive childcare support from maternal grandparents show more parental warmth, finds NTU Singapore study

    27560 shares
    Share 11021 Tweet 6888
  • University of Seville Breaks 120-Year-Old Mystery, Revises a Key Einstein Concept

    969 shares
    Share 388 Tweet 242
  • Bee body mass, pathogens and local climate influence heat tolerance

    646 shares
    Share 258 Tweet 162
  • Researchers record first-ever images and data of a shark experiencing a boat strike

    512 shares
    Share 205 Tweet 128
  • Groundbreaking Clinical Trial Reveals Lubiprostone Enhances Kidney Function

    469 shares
    Share 188 Tweet 117
Science

Embark on a thrilling journey of discovery with Scienmag.com—your ultimate source for cutting-edge breakthroughs. Immerse yourself in a world where curiosity knows no limits and tomorrow’s possibilities become today’s reality!

RECENT NEWS

  • Financial Struggles of Parents Caring for Eating Disorder
  • How Multiplayer Gaming Impacts Workplace Loneliness
  • Consuming Fruit Could Mitigate Air Pollution’s Impact on Lung Health
  • Emergency Medicine Professionals Experience Job Satisfaction Despite Challenges with Burnout and Staff Retention

Categories

  • Agriculture
  • Anthropology
  • Archaeology
  • Athmospheric
  • Biology
  • Blog
  • Bussines
  • Cancer
  • Chemistry
  • Climate
  • Earth Science
  • Marine
  • Mathematics
  • Medicine
  • Pediatry
  • Policy
  • Psychology & Psychiatry
  • Science Education
  • Social Science
  • Space
  • Technology and Engineering

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 5,185 other subscribers

© 2025 Scienmag - Science Magazine

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • SCIENCE NEWS
  • CONTACT US

© 2025 Scienmag - Science Magazine

Discover more from Science

Subscribe now to keep reading and get access to the full archive.

Continue reading