Increases in life expectancy along with major changes in health plans (including Part D of Medicare) will require older Americans to make an increasing number of decisions concerning their finances at ages where fluid cognitive abilities are known to be in relative decline. Understanding how these age-related decreases and changes in other psychological factors (e.g., increasing confidence placed in trusted sources) leave older people more susceptible to both poor financial decisions as well as financial abuse is therefore a high priority. National data suggest that 5% of older adults are currently being financially exploited, and the prevalence is expected to increase. NIA has contract with BBCSS and CPOP to coordinate an expert planning meeting to elucidate what research is needed into relevant social, cognitive, and behavioral factors, and to identify potential pathways for intervention.

Agency
National Institute of Health (NIH)
Type
Research and Development Contracts (N01)
Project #
263201200074I-0-26300040-1
Application #
8756077
Study Section
Project Start
2013-09-30
Project End
2014-09-29
Budget Start
Budget End
Support Year
Fiscal Year
2013
Total Cost
$45,000
Indirect Cost
Name
National Academy of Sciences
Department
Type
DUNS #
041964057
City
Washington
State
DC
Country
United States
Zip Code
20418