Susceptibility to financial scams in an elderly person may be an early indicator of impending Alzheimer dementia and mild cognitive impairment, a US study has found.
Neuropsychologists in Chicago tested the hypothesis that impaired financial decision making and low awareness of scams in otherwise healthy older people would be associated with subsequent development of dementia.
In a prospective study of 935 older persons initially free of dementia they subjected them to a financial decision making questionnaire that had previously been developed by the financial industry as a marker of low scam awareness.
After an average of six years of follow up, 151 of the study subjects (16%) developed Alzheimer dementia and 255 developed mild cognitive impairment.
The study showed that low scam awareness at baseline was associated with increased risk for Alzheimer dementia (hazard ratio [HR], 1.56), and the risk appeared to be increased with greater scam gullibility. For each 1 unit increase in scam score indicating lower awareness there was a 60% increase in dementia risk.
Low scam awareness was also associated with increased risk for mild cognitive impairment (HR, 1.47).