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ABSTRACT: Objectives
Impairment in financial capacity is an early sign of cognitive decline and functional impairment in late life. Cognitive impairments such as executive dysfunction are well documented in late-life major depression; however, little progress has been made in assessing associations of these impairments with financial incapacity.Methods
Participants included 95 clinically depressed and 41 nondepressed older adults without dementia. Financial capacity (assessed with the Managing Money scale of the Independent Living Scale), cognitive functioning (comprehensive neuropsychological evaluation), and depression severity (Hamilton Depression Rating Scale - 24) were assessed. T tests were used to assess group differences. Linear regression was used to analyze data.Results
Depressed participants performed significantly lower on financial capacity (t = 2.98, p < .01). Among depressed participants, executive functioning (B = .24, p < .05) was associated with reduced financial capacity, controlling for age, gender, education, depression severity, and other cognitive domains.Conclusions
Our results underscore the importance of assessing financial capacity in older depressed adults as they are likely vulnerable to financial abuse even in the absence of dementia. It will be valuable to assess whether treatment for depression is an effective intervention to improve outcomes.
SUBMITTER: Morin RT
PROVIDER: S-EPMC9187218 | biostudies-literature | 2019 Nov
REPOSITORIES: biostudies-literature
Morin Ruth T RT Gonzales Mitzi M MM Bickford David D Catalinotto Daniel D Nelson Craig C Mackin R Scott RS
Journal of the International Neuropsychological Society : JINS 20190806 10
<h4>Objectives</h4>Impairment in financial capacity is an early sign of cognitive decline and functional impairment in late life. Cognitive impairments such as executive dysfunction are well documented in late-life major depression; however, little progress has been made in assessing associations of these impairments with financial incapacity.<h4>Methods</h4>Participants included 95 clinically depressed and 41 nondepressed older adults without dementia. Financial capacity (assessed with the Mana ...[more]