The words Alzheimer’s and dementia have become commonplace across the U.S. and the globe, affecting families and caregivers far beyond just the physical costs. According to Alzheimer’s Disease International, the annual global cost of dementia is approximately $1.3 trillion dollars and is expected to more than double to $2.8 trillion dollars by 2030. Every three seconds, someone in the world develops dementia.
Costs accumulate for several reasons:
- Care provided informally by family and others
- Professional care costs associated with residential or in-patient care
- Direct medical care costs
The impact is staggering—if global dementia care was a country, it would be counted as the 14th largest economy on the planet.
While no cure exists for either disease, there are treatments available that may slow the progression of both. In this article, we’ll look closer at the causes, symptoms, treatments, and tips for caregivers and families.