Cognitive decline reduces household spending among older people

Oba, Hikaru; Kadoya, Yoshihiko; Matsuoka, Teruyuki; Narumoto, Jin

doi:10.1111/psyg.12453

Cited by 3 publications

(1 citation statement)

References 18 publications

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“…Therefore, in researching the influence on economic activities resulting from dementia, we have set out by analyzing the existing database related to economic activities of elderly people. The decreasing nerve cells and the decline of cognitive function along with aging are universally known as causing the deterioration of memory, thinking, and motivation [1]. Cerebral disorder is also known by the symptoms of dementia, e.g.…”

Section: Introductionmentioning

confidence: 99%

Further Analysis of Anonymous Data to Assess Dissaving Risk against Life Expectancy for Elderly People

Yokoyama

Yoshitomi

2023

Information Engineering Express

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No database exists suitable for disclosing the effect on economic activities caused by dementia. Thus, our aim is to obtain the principles to resolve its influence by analyzing related databases. In order to detect the capability deterioration of economic activity for elderly people at the age of sixty-five years or older, we have employed an anonymous data set obtained from the National Survey of Family Income and Expenditure carried out by Ministry of Internal Affairs and Communications. So far, a method has been developed to detect dissaving risk of elderly people using clustering. Nevertheless, the initial approach showed limitations for further improvement. Therefore, we have proposed another method to detect dissaving risk by dividing analysis data into test/training data. The test data are then processed through primary/secondary determination in accordance with the amount of savings. In secondary determination, three methods are performed in terms of income and savings. In the previous analysis, as an initial step, merely the data of single females were analyzed. In this paper, the data of single males and two-person households are analyzed. As a result of the analysis, the correct judgment rate exceeds 80% for single males, while it attains as high as approximately 70% for two-person households.

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Section: Introductionmentioning

confidence: 99%

Further Analysis of Anonymous Data to Assess Dissaving Risk against Life Expectancy for Elderly People

Yokoyama

Yoshitomi

2023

Information Engineering Express

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Impact of Aging on Consumer Behavior: A Review and Research Agenda

Zheng,

B. A. M,

Omar Zaki

et al. 2024

Int J Consumer Studies

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This study conducted a systematic literature review integrating the TCM and ADO frameworks to analyze 46 studies published from 2014 to 2023 on the impact of aging on consumer behavior. The research adhered to Preferred Reporting Items for Systematic Reviews and Meta‐Analyses principles, using data from Scopus, WoS, and ScienceDirect. Results showed an increasing trend in publications focusing primarily on elderly consumers. Analysis revealed that the Theory of Planned Behavior and technology acceptance model are the most frequently used theories, with research concentrated in the United States and China. Common methods included questionnaires, structural equation modeling, and regression analysis. The ADO framework highlighted psychological and individual‐related antecedents as the most discussed. A relationship table categorizing 135 antecedents into five major categories showed a predominantly positive influence of antecedents on decisions and outcomes. Sixty aging‐related antecedents were identified, covering all but product‐related categories. The study identified critical research gaps and proposed future directions, offering insights for policymakers and practitioners to address aging society challenges and align with UN Sustainable Development Goals.

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The Economic Burden of Dementia: Evidence from a Survey of Households of People with Dementia and Their Caregivers

Oba

Kadoya

Okamoto

et al. 2021

IJERPH

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Although a cognitive impairment such as dementia causes serious economic problems among older people, its impact on economic activities is unclear. This study investigated the actual conditions of economic activities and the current status of the financial support systems among people with dementia and caregivers. One hundred and five dyads participated in the survey. Each dyad consisted of an older person with Alzheimer’s disease and their caregiver. The Mini-Mental State Examination (MMSE) and Functional Assessment Staging (FAST) were used to evaluate the cognitive functions of people with dementia. The caregivers were asked questions concerning the financial status of the household and their utilization of the financial support systems available to people with dementia. Average monthly care costs significantly increased according to the severity of dementia, while household income and spending incurred no significant changes. People with dementia experienced financial problems (including a large amount of erroneously purchased, unnecessary shopping), even though their assets were informally managed by their caregivers. Financial support systems such as adult guardianship and civil trust systems were rarely known and used. We proposed the propagation of the adult guardianship and civil trust systems and the development of contract guidelines for elderly customers including people with dementia.

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Cognitive decline reduces household spending among older people

Cited by 3 publications

References 18 publications

Further Analysis of Anonymous Data to Assess Dissaving Risk against Life Expectancy for Elderly People

Further Analysis of Anonymous Data to Assess Dissaving Risk against Life Expectancy for Elderly People

Impact of Aging on Consumer Behavior: A Review and Research Agenda

The Economic Burden of Dementia: Evidence from a Survey of Households of People with Dementia and Their Caregivers

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