HEALTH: Managing Money & Medicine

A new study has highlighted the need for older people to be supported in their handling of their finances and their medication.

The study concluded that “older people with advanced age are at high risk of developing difficulty managing medications and finances. Among 85-year-olds with no difficulty, over 10 years, nearly half (40%) will develop difficulty managing medications and almost 70% will develop difficulty managing finances.

“Long-term risk factors were found in multiple health domains, and the risk is considerably greater among women, those with stroke, low cognitive functioning, and ADL difficulty. Protective efforts, such as early identification, awareness, and preventive interventions are needed, as well as policy, research and funding initiatives to reduce the consequences and burden of these serious impairments.

Read the study in full

 

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