Barbara Chambers, our own Senior Engagement Officer, Marketing & Communications, writes for Banker and Tradesman about the potential impact of Alzheimer’s on the financial industry, and describes the ways banks and other financial institutions can intervene today to prevent a crisis tomorrow.
“As the sixth leading cause of death in the U.S., Alzheimer’s takes a tremendous toll not just on the individuals and families battling this devastating disease but increasingly on our overall economy.
It is likely that Alzheimer’s will progressively become a workforce issue, impacting a variety of industries – especially those with high percentages of female employees. This is particularly true for the financial services industry, which is facing a workplace tsunami fueled by its workforce caring for Alzheimer’s victims at home or dealing with the disease themselves.
The perfect storm is this: employees in the financial services sector are disproportion ately female, who are far more likely than men to either become caretakers of a family member with the disease, or to get Alzheimer’s themselves…”