According to the Alzheimer's Association "Alzheimer's is a type of dementia that affects memory, thinking and behavior. Symptoms eventually grows severe enough to interfere with daily tasks."
Alzheimer's is the result of plagues, which are deposits of a protein fragment called Beta-Amyloid and Tangles which are twisted fibers called Tau that build up inside cells.
Up to 6.7 million Americans have been diagnosed with Alzheimer's disease or 10% of people aged over 65. This number is expected to reach 7 million by 2030 and will continue to grow.
Alzheimer's does not just impact those diagnosed but also their family members. The Family Caregiver society estimates that family caregivers average 31 hours per week providing care for Alzheimer's patients. In the United States 15.7 million adults care for someone with Dementia.
The total lifetime cost to care for Alzheimer's patients is $412,936 on average, of which 70% is estimated to be borne by family caregivers.
In the United States home care for Alzheimer's patients averages $4,000 to $6,400 per month while the median monthly cost for memory care facilities is $6,200 per month. According to the center on budget priorities the average social security payment in 2024 is just $1,909 per month.
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