Understanding the Financial Impact of Dementia on Families
Financial stress, financial strain, asset depletion, and financial toxicity: New measures to characterize the financial impact that dementia has on families
This project aims to better understand the many ways Alzheimer's disease and related dementias affect a family's finances, from daily expenses to long-term savings and overall well-being.
Quick facts
| Grant type | R01 grant |
|---|---|
| Study type | NIH-funded research |
| Funding institution | University of Michigan at Ann Arbor NIH-funded |
| Lab location | 1 site (Ann Arbor, United States) |
| Project ID | NIH-11173906 on NIH RePORTER |
What this research studies
Living with Alzheimer's disease or a related dementia can bring significant financial challenges for families, including the costs of care, lost income, and the emotional toll of managing finances. We want to create new ways to describe and measure these financial struggles, such as the stress of paying bills, the depletion of savings, and how these financial burdens affect a family's quality of life. By developing these new tools, we hope to capture the full picture of financial hardship experienced by those caring for a loved one with dementia. This will help us identify the specific needs of families and caregivers.
Who could benefit from this research
Good fit: Ideal participants for future related efforts would be families and caregivers of individuals diagnosed with Alzheimer's disease or related dementias.
Not a fit: Patients not directly involved in providing financial information or caregiving for someone with dementia may not directly benefit from this specific research.
Why it matters
Potential benefit: If successful, this work could lead to a clearer understanding of the financial burdens faced by families affected by dementia, which may inform future support programs and policies.
How similar studies have performed: While the concept of financial hardship in dementia is recognized, this project focuses on developing new, more comprehensive ways to measure these specific impacts.
Where this research is happening
Ann Arbor, United States
- University of Michigan at Ann Arbor — Ann Arbor, United States (Active)
Researchers
- Principal investigator: Carlozzi, Noelle E. — University of Michigan at Ann Arbor
- Study coordinator: Carlozzi, Noelle E.
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 below.