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International Business Times UK
International Business Times UK
Vinay Patel

Unpaid Bill Payments May Be Early Signs Of Dementia, Federal Bank Of New York Study

As dementia affects more people, financial challenges due to cognitive decline are expected to increase significantly. (Credit: Pexels)

Difficulty managing bills could be an early sign of dementia, according to a recent study. It also revealed that individuals who eventually received a dementia diagnosis experienced a significant drop in credit scores - well before the official confirmation of their condition.

Economists from the Federal Reserve Bank of New York and medical specialists at Georgetown University teamed up to examine data from Equifax on how borrowing habits shift in the years surrounding an Alzheimer's or dementia diagnosis, as The New York Times reported.

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