David Brancaccio
๐ค SpeakerAppearances Over Time
Podcast Appearances
We also have this weak payroll report today.
Forecasters are expecting more than 40,000 new jobs created.
What we got was 22,000 for the month of January.
And ADP, the private sector survey, is what we're going to have.
Thank you.
Managing household finances, retirement savings, insurance, credit cards, day-to-day bills, it's hard enough under the best of circumstances, but with the increased prevalence of dementia in an aging population, there is a lot of worry about money safety.
Research is sobering.
The risks of poor judgment, costly mistakes, neglect, and vulnerability to financial predators rise sharply with age.
I'm joined now by Marketplace's Senior Economics Contributor, Chris Farrell.
Hey, Chris.
Good morning, David.
Americans live longer.
I mean, how many times do I say that in a month?
But what's the prevalence of dementia?
All right.
One in five people by 85.
And for that subset, the chances for money mistakes or financial exploitation rise.
You have some numbers?
So a person who's older and finds their net worth dropping, that could be a flag for future cognitive problems?
So what's a better hypothesis then?