New study shows Alzheimer’s disease takes a heavy toll on family finances

nursing home

November is National Alzheimer’s Month, and a new study shows the disease takes a heavy toll on family finances.

The study conducted by the National Institute on Aging shows that caring for a family member with Alzheimer’s can become more costly than cancer or heart disease.

Cathy Campbell is a Case Worker at the Isabella County Commission on Aging.

“We see a lot of families who are really struggling because they have an older adult who has all of these needs, due to their diagnosis, their dementia diagnosis, and they’re trying to decide if we try and keep them home of course, most folks want to stay at home as long as possible, so families try and put together a plan.”

Campbell said families spend money with any plan they choose for a loved one with dementia.

“Whether it’s trying to get the family in there to assist, caregivers, trying that, trying to find folks who can come in and help them at home, if that all doesn’t work then they’ve gotta look at possibly placing them in a place like an assisted living or nursing home. Which is very expensive, it’s not a cheap endeavor no matter how you do it and a lot of folks just don’t have the income or the resources to be able to afford this.”

Campbell said there are some government programs available that help alleviate the financial burden.