As adults age, they have seven common priorities, according to research conducted by Bank of America Merrill Lynch. Of those priorities, health is No. 1, and neurodegeneration is by far the biggest concern.
“Cognitive decline and Alzheimer’s is the scariest disabling condition,” Surya Kolluri, Managing Director of Policy and Market Planning at Bank of America Merrill Lynch, said in a recent video published by d.health Summit. In fact, research participants were more concerned about cognitive decline than all other “disabling conditions” combined, he said.
The research was part of Bank of America Merrill Lynch’s focus on what Kolluri called the “silver economy” or the “longevity economy” — including senior home care and pharmaceuticals — with an estimated value of $7 trillion.
Kolluri advised that older adults think not just about their money moving forward, but rather apply “a holistic approach,” focusing on health, family, and work.
To learn more about the intersection of managing one’s health and wealth, visit www.whealthcare.org.