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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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.”
Health
Common gym supplement could help fight depression, new research suggests
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Creatine, the common muscle-building supplement, may help improve depression symptoms, new research suggests.
A systematic review, published in Genomic Press’ Brain Medicine, found that creatine monohydrate may be beneficial as an add-on treatment for major depressive disorder, although the evidence remains preliminary.
The Canada-based researchers analyzed data from five randomized controlled trials, evaluating the impact of creatine monohydrate intake on mental health.
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Four of the trials studied major depressive disorder, and another looked at bipolar disorder with a current depressive episode.
In one trial of women with depression who took 5 grams of creatine per day, plus the antidepressant escitalopram, there was greater improvement after eight weeks. Another study revealed benefit when creatine was added to cognitive behavioral therapy.
One study saw benefit when creatine was added to cognitive behavioral therapy. (iStock)
Other studies involving teen girls found no benefit from a variety of creatine dosages after eight weeks. The bipolar depression study also found no significant improvements when 6 grams of creatine was added to medication after six weeks.
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In a press release, the researchers said previous studies have found that people with mood disorders process creatine differently in the brain. Because creatine helps produce energy, some scientists believe disruptions in this process may contribute to depression.
Although creatine has also been associated with boosting dopamine and serotonin, which most antidepressants target, the authors stressed that the link between brain creatine and mood “remains correlational,” as depression has “many moving parts.”
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Lead study author Bassam Jeryous Fares, a student in the Faculty of Medicine at the University of Ottawa, commented in a statement that the signal is “interesting, but not a verdict.”
“Two trials pointed one way and three pointed another,” he said. “That is not the kind of evidence on which you change clinical practice. It is the kind that tells you the question is worth further exploration.”
Although creatine has also been associated with boosting dopamine and serotonin, which most antidepressants target, the authors stressed that the link between brain creatine and mood “remains correlational.” (iStock)
Nicholas Fabiano, corresponding author and a psychiatry resident at the University of Ottawa, added in the same press release that creatine “appears to be a safe intervention,” noting that side effects were limited to mild stomach pain.
“We cannot yet reliably say that creatine helps with depressive symptoms or if the findings are generalizable to everyone,” he added as a caveat.
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Dr. Thea Gallagher, psychologist and director of wellness programs at NYU Langone, said that although creatine is best known for supporting muscle performance, it also helps the brain produce and use energy.
“Researchers believe that some people with depression may have alterations in brain energy metabolism, and creatine could help support these energy-producing pathways,” Gallagher, who was not involved in the study, told Fox News Digital. “There is also emerging evidence that it may influence neurotransmitters and reduce oxidative stress and inflammation, although these mechanisms are still being investigated.”
Creatine should be considered a “promising addition” to depression treatments, a doctor said. (iStock)
The research suggests that creatine may be most helpful when combined with established depression treatments rather than as a replacement, Gallagher emphasized.
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“This research is encouraging because it adds to a growing body of evidence suggesting that supporting brain energy metabolism may be another pathway for improving depression symptoms,” she said.
“It’s exciting whenever we identify another potential tool that could complement existing treatments, particularly one that is relatively inexpensive and widely available.”
Limitations and caveats
The new study is a review of prior research rather than a new clinical trial, which can pose a limitation, the researchers acknowledged, adding that “larger, well-controlled trials are still needed.”
Gallagher noted that creatine should be considered as a potentially promising addition to treatment, rather than a substitute for psychotherapy, antidepressant medication, regular exercise or healthy sleep habits.
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“While creatine has a strong safety profile for most healthy adults, it’s still important to talk with your healthcare provider before starting any supplement — particularly if you have kidney disease, are pregnant or have other medical conditions,” she advised.
For those experiencing signs of depression, Gallagher recommends seeking evidence-based mental healthcare.
“While creatine has a strong safety profile for most healthy adults, it’s still important to talk with your healthcare provider before starting any supplement – particularly if you have kidney disease, are pregnant or have other medical conditions,” a doctor advised. (iStock)
The doctor noted that depression is a “highly heterogeneous condition, so we still don’t know which patients are most likely to benefit or what the optimal treatment approach looks like.”
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Gallagher also cautioned that supplements have been known to generate “early enthusiasm” before larger studies have revealed “more modest effects.”
“Right now, I’d describe creatine as promising but not definitive,” she concluded. “It’s an area that deserves continued research, but it’s not something people should view as a standalone treatment for depression.”
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