Depression and Financial Skills in Older Adults
Official title: Independent Effect of Depression on Financial Capacity in Older Adults
Funded at University of Connecticut Sch of Med/dnt · NIH-11367503 · Data updated 2026-11-12
A study investigating how late-life depression may affect older adults’ ability to manage money and avoid scams, with findings aimed at improving protection and support.
Quick facts
| Grant type | R01 grant |
|---|---|
| Study type | NIH-funded research |
| Funding institution | University of Connecticut Sch of Med/dnt NIH-funded |
| Lab location | 1 site (Farmington, United States) |
| Project start | August 1, 2026 |
| Project end | July 31, 2031 |
| Funding year | 2026 |
| Award (this year) | $840,674 |
| NIH project number | 1R01MH141205-01A1 |
| Project ID | NIH-11367503 on NIH RePORTER |
Who could benefit from this research
✓Could help
Older adults with late-life depression, MCI comorbidity considered, and individuals at risk for diminished financial capacity.
✕Less likely to help
Older adults without depression or cognitive concerns may see limited direct benefit.
What this research studies
This project looks at how depression in older adults might influence everyday money tasks and vulnerability to financial exploitation. It uses a large, nationally representative sample to test a framework called the Mood, Motivation and Social Cognition Model of Diminished Financial Capacity in Late-Life Depression. The study plans to examine how mood, motivation, and social thinking relate to real-world financial abilities beyond traditional clinician assessments. Researchers hope to identify key factors that could be targeted to protect seniors’ financial health and independence.
Why it matters
Potential benefit: If successful, findings could lead to better screening, interventions, and policies to safeguard older adults’ finances.
How similar studies have gone: Previous work is limited and not nationally representative; this study aims to fill that gap with a comprehensive model.
Where this research is happening
-
University of Connecticut Sch of Med/dnt
Farmington, United States Active
Researchers
- Principal investigator: Manning, Kevin James — University of Connecticut Sch of Med/dnt
- Study coordinator: Manning, Kevin James
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About this research
- This is an active NIH-funded research project — typically early-stage science, not a clinical trial accepting patient enrollment.
- Some NIH-funded labs run parallel clinical studies or seek volunteers for related work. To check, contact the principal investigator or institution listed above.
- For full project details, budget, and progress reports, visit the official NIH RePORTER page.