Health
Early dementia often has a surprising warning sign, report says: 'Financial consequences'
Dementia takes a costly toll on the families it affects — emotionally, physically and even financially.
In many cases, an impact on finances is one of the earliest signs of the disease, according to a new report from the New York Federal Reserve.
In analyzing 17 years of data from consumer credit agencies and Medicare databases, researchers found that a decline in credit scores and an increase in late payments are often seen in the five years prior to diagnosis of Alzheimer’s disease and related disorders (ADRD).
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Those in the early stages of dementia may also accumulate greater debt, open new credit accounts and use multiple types of credit.
“Considering the typical progression of the disease, these findings point to financial consequences of the disease in its earliest stages, when symptoms are typically mild and not widely apparent,” the researchers wrote.
In many cases, a negative impact on finances is one of the earliest signs of the disease, according to a new report. (iStock)
“The financial consequences of ADRD prior to diagnosis steadily increase over time.”
This is particularly concerning given that older adults with dementia will likely face substantial costs for caregiving and other related expenses, the report noted.
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Monica Moreno, senior director of care and support for the Alzheimer’s Association in Chicago, said the new report confirms what experts have already known — that challenges in managing money or personal finances are common early warning signs of dementia.
“While there are several signs or symptoms of dementia, challenges with problem-solving or planning can cause a person to mismanage their finances,” Moreno, who was not involved with the New York Fed’s report, told Fox News Digital via email.
“Other dementia-related symptoms, including decreased or poor judgment and difficulty completing familiar tasks, can also adversely affect money management or personal finances.”
“The individual may have stacks of unopened bills or may be spending an excessive amount of money.”
Early in the disease, people may struggle with more complicated tasks, like managing investments or making decisions about large purchases, Moreno noted.
“Since dementia is often a progressive condition, these challenges will increase over time,” she said. “It is important for family members to identify these potential signs early and intervene as soon as possible.”
Common warning signs
Some common signs to look for include the inability to balance a checking account, or consistently late payments on credit cards or other monthly bills, Moreno said.
“The individual may also have stacks of unopened bills or may be spending an excessive amount of money,” she said.
Some common signs to look for include the inability to balance a checking account, or consistently late payments on credit cards or other monthly bills, an expert said. (iStock)
People living with dementia are also more susceptible to financial abuse, identity theft, fraud or get-rich-quick schemes.
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“Failure to address these problems or potential threats can put individuals living with dementia at great financial risk,” Moreno warned.
5 ways families can help
“If you feel a family member is showing signs of dementia, it’s important to share your concerns and talk to a health care professional,” said Moreno. “Early diagnosis of dementia offers the best opportunity to put financial safeguards in place.”
For those whose loved ones are having difficulty managing their finances, the Alzheimer’s Association shared the following tips and strategies with Fox News Digital.
1. Discuss with the person how a trusted family member or friend can help either with paying bills or setting up automatic billing to avoid late payments.
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2. Create a separate account where you can keep a small, agreed-upon amount of money that the person can use for recreational activities, meals with friends or other personal purchases.
3. Sign up to receive automatic notifications for withdrawals from bank accounts or large charges to credit cards. If you set a charge or spending limit and if the person spends more than that, the bank or credit card company will let you know.
People living with dementia are also more susceptible to financial abuse, identity theft, fraud or get-rich-quick schemes, experts warn. (iStock)
4. Request electronic bank and credit card statements and watch for unusual purchases or changes in how the person typically spends money.
5. Sign up for the “Do Not Call” list at donotcall.gov to protect against telemarketing calls and potential phone scams.
It’s always best to have conversations about managing finances sooner rather than later, Moreno advised.
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“In the early stages of Alzheimer’s disease, people are more likely to understand the importance of these issues and suspicious activities to avoid,” she said.
“If you wait, these concepts will be more difficult to comprehend as your relatives’ memories and other executive functioning skills decline.”
Fox News Digital reached out to the New York Federal Reserve researchers requesting comment.
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Older adults identified as “super movers” are about half as likely to develop cognitive impairment than their peers.
That’s according to a recent study led by Stony Brook Medicine in New York, which evaluated the cognitive function of 4,000 adults 80 and over who participated in multiple aging and longevity studies over several years.
Among this group, 6% to 10% were classified as super movers, which means they walk at a much faster pace than others of the same age and gender — at speeds comparable to people three decades younger.
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The super movers were found to have about half the risk of cognitive decline compared to seniors with typical gait speed.
The findings were published in the journal Neurology on June 16.
Older adults identified as “super movers” are about half as likely to develop cognitive impairment than their peers. (iStock)
“The study reinforces that mobility and brain health are closely connected,” lead study author Dr. Joe Verghese, MD, neurologist at Stony Brook Medicine, told Fox News Digital. “This suggests that preserving mobility may be an important marker of healthy brain aging and resilience.”
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The most intriguing finding, according to Verghese, was that super movers maintained cognitive function despite having similar dementia-related brain changes as their peers.
In postmortem brain analysis, there was no difference in dementia-related pathologies between the super movers and the slower walkers, the study stated.
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“This suggests they may possess resilience mechanisms that help preserve brain function even in the presence of age-related changes,” he said. “Understanding these resilience factors could lead to new strategies for promoting healthy brain aging.”
As the study was observational, there were some limitations, and it does not prove that walking faster prevents dementia, the researchers noted.
Super movers were found to have about half the risk of cognitive decline compared to seniors with typical gait speed. (iStock)
“Other factors, such as cardiovascular health, physical fitness or genetics, may also contribute to both faster walking and better cognitive outcomes,” Verghese said.
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This study adds to growing evidence that what’s good for the heart and muscles also benefits the brain, he noted, adding that “staying physically active remains one of the most effective, evidence-based ways to support healthy aging.”
“Walking speed is best viewed as a marker of overall health, not a treatment.”
“The broader message is that physical activity is important at any age,” Verghese said. “Walking is an easy step-up point because you don’t need any special equipment. You can do it inside or outdoors, and you can do it on a regular basis. You can walk with a dog, you can walk with a friend.”
Any activity is beneficial if it’s done regularly and with the right intensity, he added.
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Rather than just trying to walk faster, the neurologist recommends that seniors focus on maintaining mobility through regular physical activity, strength training, balance exercises and good cardiovascular health.
“Walking speed is best viewed as a marker of overall health, not a treatment,” Verghese noted.
Major public health guidelines from the CDC and U.S. Physical Activity Guidelines recommend at least 150 minutes of moderate-intensity aerobic activity each week, such as brisk walking.
Major public health guidelines from the CDC and U.S. Physical Activity Guidelines recommend at least 150 minutes of moderate-intensity aerobic activity each week, such as brisk walking. (iStock)
This can be achieved by walking 30 minutes a day, five days a week, or about 20 to 25 minutes most days. Another option is to engage in shorter sessions that add up over the day.
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“You have to do it within your health limitations and medical conditions,” Verghese advised. “So if there are any medical concerns, I would get your physician to clear you before starting exercise.” The good thing about walking, he added, is that you can start at a slow pace and then gradually build up to a brisker pace.
“And then adding on strength and balance training, whatever age you are, I think is also important.”
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Health
Dr Oz warns Medicare scammers are stealing billions — and your personal information could be next
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Washington, D.C. – Medicare fraud is a multibillion-dollar problem that government officials say threatens both taxpayer dollars and Americans’ personal identities.
In a July 6 interview with Fox News Digital at the Great American State Fair in Washington, D.C., Dr. Mehmet Oz warned that every dollar stolen through Medicare fraud is a dollar taxpayers lose – a problem that has worsened since the COVID pandemic.
“If I had to just pick one thing to focus on to make healthcare more affordable in America, I’d go to health fraud and all the waste and abuse that accompanies it,” said Oz, who is the administrator of the Centers for Medicare & Medicaid Services. “And just to put this in perspective, we think it’s about $100 billion a year.”
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Medicare fraud can include billing for services that were never provided, overcharging for medical equipment, using stolen patient or doctor information, or performing unnecessary procedures, according to the U.S. Government Accountability Office.
CMS administrator Dr. Mehmet Oz is pictured on stage at the Great American State Fair in Washington, D.C., on July 6, 2026. (Angelica Stabile/Fox News Digital)
As the Trump administration ramped up efforts to combat fraud, CMS reported $41.9 billion in Medicare program integrity savings in 2025, up 59% from $26.3 billion in 2024.
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Medicare fraud not only harms the federal budget and steals from taxpayers, but exposes seniors to identity theft, unnecessary care, higher premiums and reduced access, Oz cautioned.
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Removing corruption from the healthcare system will have the greatest impact among seniors, since “so much of the fraud is perpetrated against them,” the administrator said.
“I’m talking about people tricking seniors to give up their Medicare beneficiary numbers, which is like a credit card basically,” he said. “These scammers can take those numbers and use them for all kinds of illegitimate purposes.”
“If I had to just pick one thing to focus on to make healthcare more affordable in America, I’d go to health fraud and all the waste and abuse that accompanies it,” said Oz. (Fox News Digital)
“People are stealing from you by pretending to send you drugs you don’t want, wheelchairs you don’t need, [and] services you never asked for or don’t benefit from,” Oz added.
To prevent this, he shared his top advice for seniors: Do not give your Medicare beneficiary number to anybody, do not answer questions on a phone call from an unknown person and do not give away personal information.
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“These scammers are calling seniors, tricking them, and once they have key information, they can steal it,” he said. “And I won’t know it and you won’t know it.”
“We want to protect people who need these programs the most,” Oz went on. “You do that by making sure scoundrels don’t corrupt the systems and steal money out of the till that is designed to help folks in dire straits when they’re vulnerable and in need of services.”
Seniors should never share their Medicare information with unknown people, the administrator advised. (iStock)
Removing fraud could “double the life expectancy of the trust fund that makes all this possible,” Oz predicted.
“If you’re worried about Medicare being there when you’re ready to retire in a couple decades, depending on how old you are, and you’re concerned that it might not last because of all the fraud that’s hitting it … you’ve got a good [reason to] worry,” he said.
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“If we take the fraud out, we could double the life expectancy, which means you, your kids, your kids’ kids … they could all benefit from this beautiful safety net program.”
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