The Cost of Cognitive Impairment: The Impact of Cognition on Financial Decision Making
SPEAKER:
Michelle McDonnell, PhD
Neuropsychologist
Institute for Memory Impairments and Neurological Disorders
University of California, Irvine
As adults age, they are at risk for experiencing cognitive decline particularly in relation to a neurodegenerative condition, such as Alzheimer’s disease. Cognitive impairment and decline can have deleterious effects on an individual’s ability to independently manage their finances. As cognitive impairment occurs on a spectrum, so too does one’s ability to effectively engage in financial decision-making. This presentation will discuss the current rates of dementia and notable impairments in financial decision-making across the spectrum of a neurogenerative disease. Additional information regarding the warning signs for cognitive decline and potential recommendations for improved management of finances will also be discussed.
About our Speaker:
Dr. Michelle McDonnell is a Clinical Neuropsychologist and researcher at the UCI Institute for Memory Impairments and Neurological Disorders, a federally funded Alzheimer’s Dementia Research Center. She completed her Ph.D. in Clinical Psychology from Loma Linda University and her two-year Postdoctoral Fellowship in Clinical Neuropsychology at the Loma Linda Veteran’s Administration Healthcare System. As a clinician and researcher, her primary area of focus has evaluated how both healthy and maladaptive lifestyle factors impact a person’s subjective and objective cognitive complaints.
