The 2016 Facts and Figures report provides an in-depth look at the prevalence, incidence, morality and economic impact of Alzheimer's disease and other dementias - all of which continue to rise at staggering rates as the American population ages. An estimated 5.4 million Americans have Alzheimer's disease in 2016. The national number is expected to nearly triple by 2050 if a treatment is not found.
In this year’s report, the Alzheimer’s Association also conducted, for the first time, a nationwide survey on how the cost of dementia impacts the personal finances of families and friends caring for those with Alzheimer’s or another dementia. The report calls these individuals providing support “care contributors.” The report revealed:
Nearly half (48 percent) of care contributors must cut back on their own expenses – including basic necessities like food, transportation and medical care – to afford dementia-related care, while others must draw from their own savings or retirement funds.
Care contributors are 28 percent more likely than non-care contributors to eat less or go hungry because there wasn’t enough money to afford proper meals.
More than one-third of care contributors lost income due to employment disruption.
Care contributors reported an average $15,194 loss of household income, compared to the previous year, as a result of having to reduce their work hours or stop working altogether in order to meet the caregiving demands.
Findings from this year's Facts and Figures report show that very few people are prepared for the cost of caring for someone with Alzheimer's or dementia, which is one of the costliest-and most common- diseases affecting seniors. The full text of this year's Facts and Figures report can be downloaded below.