Can Chinese AI solve inequality? + How dementia comes for your bank account

"“Dementia is one of the diseases where you lose a lot of cognitive capabilities over time that are, unfortunately, closely tied to our ability to manage our own money,” Lauren says. Lauren put out new research finding wealth starts to decline 6 years before a dementia diagnosis. And it's hard to flag. While a financial advisor might be the first line of defense, a survey from the investment firm Fidelity shows advisors didn't feel comfortable raising the issue for fear of being wrong."

"Sanda Balaban hadn't been in touch with her dad for years when she made the trip to visit him. In his office, she saw clutter and piles of paper everywhere. She discovered credit card statements showing her dad was spending thousands of dollars a month on scammy health products and online subscriptions. She learned he hadn't paid income tax since 2014 and had drained his savings."

"Stories like this are familiar to Lauren Nicholas, a health economist and professor of geriatrics at the University of Colorado. She explains there's a close connection between dementia and a loss of personal wealth. "Dementia is one of the diseases where you lose a lot of cognitive capabilities over time that are, unfortunately, closely tied to our ability to manage our own money," Lauren says."

Dementia can reduce the cognitive abilities needed to manage money, leading to a loss of personal wealth. Wealth may begin declining about six years before a dementia diagnosis, and the change can be difficult to detect early. A common pattern involves family members noticing clutter, unpaid obligations, and spending on scams or online subscriptions. In one case, a daughter found credit card statements showing thousands of dollars in questionable health products and subscriptions, along with income tax not paid since 2014. Financial advisors may hesitate to raise concerns because they fear being wrong. The situation raises questions about how to identify financial red flags sooner and what support should follow.

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