1. Banking for Cognitive Ageing and Dementia
World Economic Forum, “Ageing and Cognition: Maintaining Economic Security in Later Life”
May 9-10, 2016
Sarah Lenz Lock
Senior Vice President for Policy, AARP
Executive Director, Global Council on Brain Health

2. Nonprofit
Nonpartisan
37 million members
Mission driven organization helping people age 50 plus turn their goals and dreams into real possibilities
Fights for issues that matter most to families: health security, economic security – employment and retirement

3. Cognitive Aging Impacts All 3 AARP Priorities
Health
Wealth
Self
Our membership consistently says 3 most important issues – tied for first place:
Medicare
Social Security
Staying Mentally Sharp

4. Reducing Risk re: Cognitive Aging
Policy and advocacy addressing spectrum from normal cognitive aging to disease
Global Council on Brain Health
Staying Sharp
Age Friendly & Dementia Friendly Communities
Bank Safe
Fraud Watch
Caregiving Initiatives
Partnering on IOM recommendations # 3, 5, 8, 9, 10

5. Cognitive Aging: Progress in Understanding and Opportunities for Action
www/iom.edu/cognitiveaging
IOM (Institute of Medicine) Cognitive aging: Progress in understanding and opportunities for action. Washington, DC: The National Academies Press.

8. Banking and Cognitive Decline Prevention Efforts
Wealth - BankSafe
Health - GCBH
AARP & AgeUK collaborative to provide trusted information on what actions people can take to maintain brain health.
Brings together leading scientists, health care experts from around the world to discuss current research and enhance understanding of cognitive aging.
Encourages and empowers people to fight cognitive decline by providing clear and simple messaging on the actions to take.
Empowers Financial Institutions by educating them on the importance of fighting exploitation of the vulnerable.
Providing necessary tools and training so they can protect consumers.
Designed to help strengthen the partnership between financial institutions, consumers and those in the community and government whose jobs are to protect the interests of older people.

10. Problems with Numeracy is One of First Warning Signs

11. Why Flag Signs of Cognitive Impairment?
Encourages people to create or update advance directives and plan long-term care
Inspires a person to enlist a caregiver or someone to help with medical, legal, and financial concerns
Helps the caregiver receive appropriate information and referrals

16. Greatest Risk Factor for Dementia = Aging
increasing age, followed by family history
incidence of every 5 years after 65
About 50% of people 85+ have some form of dementia
Because the 65+ population is expected to double by 2050, so too will the incidence of people living with dementia.

17. Seniors Need Every $: High Cost of Dementia
Out of pocket spending for individuals in US with dementias is $44 billion.
Currently, average per person Medicare spending for people 65+ with dementia 3 x higher than for seniors without dementia.
Medicaid payments are 19 times higher. Almost 65 % of all nursing home residents have moderate to severe cognitive impairment.

19. For further Information: aarp.org globalcouncilonbrainhealth.org