Are many retirees with dementia lacking help?

Abstract

The brief's key findings are: (1) Retirees with dementia need help managing their money to prevent mistakes, fraud, and abuse. (2) One source of help is Social Security's Representative Payee Program, which allows a designated person to receive and manage a retiree's benefit check. (3) Among people over age 70 with dementia, only 9 percent have a payee. (4) However, the vast majority of those without a payee have other potential sources of help, often a family member. (5) Those without any help are more likely to be isolated from family, less educated, and non-white.