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“Dad, try not to use your bank card for the next week since your bank account is getting low,” Lynn told her father. Only an hour later, he called in a panic. “Someone is stealing from my account,” he claimed. “The bank teller told me I don’t have any funds!”
This situation recently occurred in our family, and it is playing out in many other families in Canada today. Dementia is a growing risk for the financial health of our aging family members. The Alzheimer Society of Canada reports that one in eleven people over the age of 65 suffer from dementia. Elderly Canadians facing...