World Economic Forum Ageing and Cognition Maintaining Economic Security in Later Life May 910 2016 Sarah Lenz Lock Senior Vice President for Policy AARP Executive Director Global Council on Brain Health ID: 538322
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Banking for Cognitive Ageing and Dementia
World Economic Forum, “Ageing and Cognition: Maintaining Economic Security in Later Life”May 9-10, 2016
Sarah Lenz Lock
Senior Vice President for Policy, AARP
Executive Director, Global Council on Brain HealthSlide2
NonprofitNonpartisan 37 million membersMission driven organization helping people
age 50 plus turn their goals and dreams into real possibilitiesFights for issues that matter most to families: health security, economic security – employment and retirementSlide3
Cognitive Aging Impacts All 3 AARP PrioritiesHealthWealth
SelfOur membership consistently says 3 most important issues – tied for first place:MedicareSocial SecurityStaying Mentally SharpSlide4
Reducing Risk re: Cognitive Aging
Policy and advocacy addressing spectrum from normal cognitive aging to diseaseGlobal Council on Brain HealthStaying SharpAge Friendly & Dementia Friendly Communities
Bank Safe
Fraud Watch
Caregiving Initiatives
Partnering on IOM recommendations #
3
, 5
,
8
,
9
,
10Slide5
Cognitive Aging: Progress in Understanding and Opportunities for Action
IOM
(Institute of Medicine). 2015.
Cognitive aging: Progress in understanding and opportunities for action.
Washington, DC: The National Academies Press.
www/iom.edu/cognitiveagingSlide6Slide7Slide8
Banking and Cognitive Decline Prevention EffortsHealth - GCBH
AARP & AgeUK collaborative to provide trusted information on what actions people can take to
maintain brain
health
.
Brings together leading scientists, health care experts from around the world to discuss
current research and enhance understanding of cognitive aging.
Encourages and empowers people to fight cognitive decline by providing clear and simple messaging on the actions to take.Wealth - BankSafeEmpowers Financial Institutions by educating them on the importance of fighting exploitation of the vulnerable.Providing necessary tools and training so they can protect consumers.Designed to help strengthen the partnership between financial institutions, consumers and those in the community and government whose jobs are to protect the interests of older people.Slide9Slide10
Problems with Numeracy is One of First Warning SignsSlide11
Why Flag Signs of Cognitive Impairment?Encourages people to
create or update advance directives and plan long-term careInspires a person to enlist a caregiver or someone to help with medical, legal, and financial concernsHelps the
caregiver
receive
appropriate information and referralsSlide12Slide13Slide14Slide15Slide16
Greatest Risk Factor for Dementia = Agingincreasing age, followed by family
historyincidence of AD @doubles every 5 years after 65 About 50
% of
people
85+ have some form of
dementia
Because
the 65+
population is expected to double by 2050, so too will the incidence of people living with dementia.Slide17
Seniors Need Every $: High Cost of Dementia Out of pocket spending for individuals in US with dementias is $44 billion.
Currently, average per person Medicare spending for people 65+ with dementia 3 x higher than for seniors without dementia. Medicaid payments are 19 times higher. Almost 65 % of all nursing home residents have moderate to severe cognitive impairment. Slide18Slide19
For further Information:aarp.org
globalcouncilonbrainhealth.org
slock@aarp.org