Families taking care of relatives with dementia face serious financial burdens
 

Families taking care of relatives with dementia face serious financial burdens
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Many relatives and friends providing financial support or care to people with dementia have dipped into their retirement savings, cut back on spending and sold assets to pay for expenses tied to the disease, according to a survey released Wednesday by the Alzheimer's Association.

About one in five go hungry because they don't have e**ugh money.

"This was a big shocker for us," said Keith Fargo, Alzheimer's Association director of scientific programs and outreach.

SEE ALSO: 6 simple gadgets improving life for those with dementia


Fargo said he didn't expect so many families to be struggling. He said the survey shows that people are **t prepared for the high costs of home care or nursing home care. The median cost of a home care aide is $20 per hour, and the average cost of a semi-private room in a nursing home is $80,300 per year. Read more...


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