Economic Impact of Dementia on African American and Latino Adults
Author Information
Author(s): Mudrazija Stipica, Aranda Maria, Gaskin Darrell, Richard Patrick, Monroe Stephanie
Hypothesis
What is the economic impact of dementia on African American and Latino adults and their caregivers?
Conclusion
The economic impact of dementia for African American and Latino adults is projected to reach $1.4 trillion by 2060, with a significant portion attributed to unpaid care.
Supporting Evidence
- In 2020, the total economic impact of dementia for African American and Latino adults reached almost $94 billion.
- Unpaid care accounted for over $62 billion, which is 66% of the total costs.
- By 2060, the economic impact is expected to increase to $1.4 trillion.
Takeaway
Dementia costs a lot of money, especially for African American and Latino families, and this cost will keep growing in the future.
Methodology
The study estimates the economic impact of dementia through various factors including lost wages, medical care spending, and unpaid care.
Participant Demographics
African American and Latino adults living in the US and their caregivers.
Digital Object Identifier (DOI)
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