Carlozzi Lab

University of Michigan at Ann Arbor

PHYSICAL MEDICINE & REHAB

Ann Arbor · United States

NIH-funded
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NIH R01 · 2024

Financial stress, financial strain, asset depletion, and financial toxicity: New measures to characterize the financial impact that dementia has on families

ABSTRACT Financial hardship (including financial stress, financial strain, asset depletion, and financial toxicity) is a highly relevant construct among the 5.7 million people with a diagnosis of Alzheimer’s disease and Alzheimer’s disease related dementias (ADRD) and their caregiving unit. In 2022, the total lifetime cost of care for a patient with ADRD was estimated at more than $400K with ~208K of which are borne out directly by the family of the person with ADRD— either through out-of-pocket health expenses, long-term care expenses or from the value of unpaid care. In addition, few families affected by ADRD have sufficient long-term care insurance or can afford to pay out-of-pocket for…

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