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Older adults generally have a good sense of their own financial abilities – unless they have dementia. shapecharge/E+ via Getty Images

Older adults with dementia misjudge their financial skills – which may make them more vulnerable to fraud, new research finds

Ian McDonough, Binghamton University, State University of New York

Older adults are generally good at judging their capacity for handling their finances, but cognitive impairment degrades that skill. Proactive planning can help protect them from fraud.

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