Evidence map›Paper›PMID 40503900›Full record

ArticleThe Gerontologist2025

Relationship Between Perceived and Objective Financial Abilities Among Older Adults: Results From the Advanced Cognitive Training for Independent and Vital Elderly Cohort.

Ian M McDonough, Cuichan Lin, Kyle R Kraemer, Sheila R Black, Kelsey R Thomas, Lorraine T Dean, Rich N Jones, Joshua H Owens, Alden L Gross, Michael M Marsiske and 1 more

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In one paragraph

Article in The Gerontologist, 2025. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.

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0citing papers in PubMed
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1 · What the graph read from it

What it found

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The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

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Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

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No citing paper in PubMed yet.

4 · The record

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5 · Who and what money

Authors and funding

11 authors.

Ian M McDonoughDepartment of Psychology, Binghamton University, New York, New York, USA.ORCID 0000-0003-0907-8931
Cuichan LinDepartment of Psychiatry, Chinese University of Hong Kong, Sha Tin, Hong Kong.
Kyle R KraemerDepartment of Psychology, The University of Alabama, Tuscaloosa, Alabama, USA.
Sheila R BlackDepartment of Psychology, The University of Alabama, Tuscaloosa, Alabama, USA.
Kelsey R ThomasResearch Service, VA San Diego Healthcare System and Department of Psychiatry, University of California, San Diego School of Medicine, San Diego, California, USA.
Lorraine T DeanDepartment of Epidemiology, Johns Hopkins Bloomberg School of Public Health, Baltimore, Maryland, USA.ORCID 0000-0002-2272-2755
Rich N JonesDepartment of Psychiatry and Human Behavior, Brown University Warren Alpert Medical School, Providence, Rhode Island, USA.ORCID 0000-0002-1049-218X
Joshua H OwensDepartment of Clinical and Health Psychology, University of Florida, Gainesville, Florida, USA.
Alden L GrossDepartment of Epidemiology, Johns Hopkins Bloomberg School of Public Health, Baltimore, Maryland, USA.
Michael M MarsiskeDepartment of Clinical and Health Psychology, University of Florida, Gainesville, Florida, USA.
Sherry L WillisDepartment of Psychiatry and Behavioral Sciences, University of Washington, Seattle, Washington, USA.

Funding

Identifying best methods for the detection of subtle cognitive declineR03AG070435 · NIA · UNIVERSITY OF CALIFORNIA, SAN DIEGO · PI THOMAS, KELSEY R · 2021 to 2022
$316k
Alzheimer's Association AARG-22-723000Clinical Sciences Research and Development Service 1IK2CX001865Hebrew Senior-Life, Boston NR04507Indiana University School of Medicine NR04508Johns Hopkins University AG014260National Institute on Aging Kirchstein Institutional National Research Service Award T32-AG020499New England Research Institutes AG014282NIA NIH HHSNIH HHS 1RF1AG082726NIH HHS R03 AG070435Pennsylvania State University AG14263University of Alabama at Birmingham AG14289University of Florida AG014276U.S. Department of Veterans Affairs 1IK2CX001865Wayne State University AG014276
6 · The paper itself

Abstract

BACKGROUND AND

objectivesDespite declines in financial ability with age and dementia, research has not explored older adults' metacognitive awareness of such declines. We investigated the relationship between subjective and objective financial abilities among older adults, and how this relationship changed over 10 years and with cognitive decline. RESEARCH DESIGN AND

methodsData from older adults (N = 2,802) in the Advanced Cognitive Training for Independent and Vital Elderly study were used to assess subjective financial performance from the Minimum Data Set for Home Care and objective financial performance from the Everyday Problem Solving Test and the Observed Tasks of Daily Living. Multilevel modeling tested associations between subjective and objective performance and moderating factors.

resultsIn years when older adults subjectively reported fewer difficulties with their finances, they objectively performed better at financial tasks and this relationship became stronger over 10 years. This relationship was not present for older adults with a dementia diagnosis. Age and objective cognitive impairment did not moderate the relationships. DISCUSSION AND IMPLICATIONS: Awareness of financial abilities is critical in an aging population bombarded by fraud and scams. Although older adults without dementia are metacognitively aware of their financial abilities, those diagnosed with dementia are more likely to experience financial anosognosia. These findings offer new insights for programs and early detection tools for dementia.

Indexed as

AgingCognitive DysfunctionDementiaMetacognitionActivities of Daily LivingAgedAged, 80 and overCognitive TrainingFemaleHumansIndependent LivingMaleAnosognosiaDementiaEarly detectionFinancial capacityMetacognition

Identifiers

PMID40503900
PMCPMC12160077

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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.