The financial consequences of undiagnosed memory disorders

A-Tier
Journal: Journal of Financial Economics
Year: 2025
Volume: 172
Issue: C

Authors (6)

Gresenz, Carole Roan (not in RePEc) Mitchell, Jean M. (not in RePEc) Rodriguez, Belicia (not in RePEc) Wang, Crystal (not in RePEc) Turner, R. Scott (not in RePEc) van der Klaauw, Wilbert (Federal Reserve Bank of New Yo...)

Score contribution per author:

0.670 = (α=2.01 / 6 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We examine the effect of undiagnosed memory disorders on credit outcomes using individually-matched nationally representative credit reporting and Medicare data. We find effects of early stage disease, years before diagnosis, on a wide range of financial outcomes, including credit card account payment delinquency and amount of delinquent balance, credit utilization among credit card account holders, mortgage delinquency and delinquent balance amount, and credit scores. Effects are pervasive, affecting seniors in single and coupled households, racial/ethnic minorities and non-minorities, and older adults living in areas with higher and lower education levels. Early stage effects are greater among singles and Black individuals.

Technical Details

RePEc Handle
repec:eee:jfinec:v:172:y:2025:i:c:s0304405x25001576
Journal Field
Finance
Author Count
6
Added to Database
2026-01-29