Undiagnosed Cognitive Decline Eats into Seniors' Retirement Savings

Under-rated problem. The decline is real, and towards the end of their life many people end up handing a power of attorney to their children or other close relative in order to run their lives. While in the meantime there are so many more internet-enabled scams.

<a href="https:&#x2F;&#x2F;archive.today&#x2F;PlV9l" rel="nofollow">https:&#x2F;&#x2F;archive.today&#x2F;PlV9l</a>

i strongly oppose the American approach to pensions, which is regrettably spreading worldwide.<p>relying on private savings to finance retirement is highly risky, and this is the crux of the article in question.<p>pension systems should be administered through public programs, not turned into moralistic contests in which individuals are penalized if their investments fail for any reason (and it&#x27;s only their fault... while it&#x27;s clear it&#x27;s a social failure).<p>basic solidarity is essential in ensuring both the health of retirees and the fulfillment of reasonable expectations for a secure retirement.

The working paper version of this isn&#x27;t paywalled <a href="https:&#x2F;&#x2F;econpapers.repec.org&#x2F;paper&#x2F;izaizadps&#x2F;dp13725.htm" rel="nofollow">https:&#x2F;&#x2F;econpapers.repec.org&#x2F;paper&#x2F;izaizadps&#x2F;dp13725.htm</a>

&gt;&gt;But the data showed that losses were concentrated among those in the upper 25% of wealth distribution who were unaware of their cognitive decline and reported being active in the stock market, the paper said.<p>Less likely that your elderly relatives get scammed and more likely they yolo some crazy thing like quantum computing triple levered etfs

My prediction: scams that target this are going to massively increase.<p>The majority of people I know are not planning on having kids. There’s a huge percentage of my generation who are the last of their family and will have nobody to manage their estate when they start declining cognitively. There’s going to be a big opportunity for scammers and even legit businesses to vacuum up all of their wealth.

Study: <a href="https:&#x2F;&#x2F;www.journals.uchicago.edu&#x2F;doi&#x2F;abs&#x2F;10.1086&#x2F;728697" rel="nofollow">https:&#x2F;&#x2F;www.journals.uchicago.edu&#x2F;doi&#x2F;abs&#x2F;10.1086&#x2F;728697</a> | <a href="https:&#x2F;&#x2F;doi.org&#x2F;10.1086&#x2F;728697" rel="nofollow">https:&#x2F;&#x2F;doi.org&#x2F;10.1086&#x2F;728697</a><p>(Paywalled unfortunately)

no wealth, no loss