Financial capacity following traumatic brain injury: A six-month longitudinal study.

Dreer, Laura E.; DeVivo, Michael J.; Novack, Thomas A.; Marson, Daniel C.

doi:10.1037/a0025818

Cited by 37 publications

(36 citation statements)

References 27 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…In particular, prior investigations of people with Alzheimer’s disease, mild cognitive impairment, schizophrenia, depression, and traumatic brain injury (Dreer, DeVito, Novack, & Marson, 2012; Mackin & Areán, 2009; Marson, 2001; Niekawa, Sakuraba, Uto, Kumazawa, & Matsuda, 2007; Okonkwo et al, 2006) show that cognitive impairment in these populations is linked to poor financial decision-making. The current research extends those findings by demonstrating similar results among people with MS.…”

Section: Discussionmentioning

confidence: 99%

Capacity for financial decision making in multiple sclerosis

Tracy

Basso

Marson

et al. 2016

Journal of Clinical and Experimental Neuropsychology

Self Cite

View full text Add to dashboard Cite

Introduction Cognitive impairment often occurs in people with multiple sclerosis (MS), and dysfunction involving executive function, new-learning, and working memory is especially common. Compromised activities of daily living are linked to this cognitive impairment, and people with MS are apt to be unemployed and struggle to manage domestic responsibilities. Financial decision-making is an important activity of daily living, and no study has examined whether it is compromised by neuropsychological dysfunction in people with MS. Method A battery of neuropsychological tests and a measure of financial decision making (Financial Capacity Instrument: Marson 2001) were administered to 50 participants (34 patients with MS and 16 cognitively healthy adults). Based on the neuropsychological test results, 14 patients were classified as having cognitive impairment, and 20 had no significant impairment. Results The impaired MS patients performed significantly worse than unimpaired patients and the healthy comparison group on most financial tasks. The impaired group retained abilities to count money and display adequate financial judgment. Regression analyses showed that measures of mental flexibility and working memory correlated most strongly with performance on the FCI domains across groups. Conclusions Cognitively-impaired patients with MS have degraded financial skills which are linked to executive function and working memory deficits.

show abstract

Section: Discussionmentioning

confidence: 99%

Capacity for financial decision making in multiple sclerosis

Tracy

Basso

Marson

et al. 2016

Journal of Clinical and Experimental Neuropsychology

Self Cite

View full text Add to dashboard Cite

show abstract

“…1–3 Financial capacity (FC) is an important IADL integral to independent living that is often affected following TBI. 4, 5 FC represents a complex set of abilities ranging from simple monetary calculation abilities, to more complex financial tasks such as managing a checkbook or bank statement and to making judgments regarding investment decisions. Diminished capacity to perform these financial tasks can result in significant compromise and delay in returning to personal independence.…”

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…5 We administered the Financial Capacity Instrument (FCI) 14 , a psychometric measure that comprehensively measures the financial capacity construct and measures financial skills at the task, domain, and global level. 5 We found that compared to a demographically matched control group, TBI patients with moderate to severe injury 30 days post injury, displayed significant performance impairment across most FCI variables. At six months post-injury, the study found that TBI patients displayed significant within group improvement on both simple and complex FCI domains, although global FC and complex financial domains (such as checkbook management, bank statement management, bill payment, investment decisions) remained impaired relative to controls.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Neurocognitive Predictors of Financial Capacity in Traumatic Brain Injury

Martin

Triebel

Dreer

et al. 2012

Journal of Head Trauma Rehabilitation

Self Cite

View full text Add to dashboard Cite

Objective To develop cognitive models of financial capacity (FC) in patients with traumatic brain injury (TBI). Design Longitudinal design. Setting Inpatient brain injury rehabilitation unit. Participants 20 healthy controls, and 24 adults with moderate-to-severe TBI were assessed at baseline (30 days postinjury) and 6 months postinjury. Main Outcome Measures The Financial Capacity Instrument (FCI) and a neuropsychological test battery. Univariate correlation and multiple regression procedures were employed to develop cognitive models of FCI performance in the TBI group, at baseline and 6 month time follow-up. Results Three cognitive predictor models of FC were developed. At baseline, measures of mental arithmetic/working memory and immediate verbal memory predicted baseline FCI performance (R2=.72). At 6 month follow-up, measures of executive function and mental arithmetic/working memory predicted 6 month FCI performance (R2=.79), and a third model found that these two measures, at baseline predicted 6 month FCI performance (R2=.71). Conclusions Multiple cognitive functions are associated with initial impairment and partial recovery of FC in moderate-to-severe TBI patients. In particular, arithmetic, working memory, and executive function skills appear critical to recovery of FC in TBI. The study results represent an initial step towards developing a neurocognitive model of FC in patients with TBI.

show abstract

“…In addition, financial management capacity is the instrumental activity of daily life which is considered the main predictor of the ability or otherwise of the elderly to live alone 2,5,9 . Determining when an individual is no longer able to manage their own finances can be a complex task.…”

Section: Introductionmentioning

confidence: 99%

Instruments for evaluating financial management capacity among the elderly: an integrative literature review

Marroni

Radaelli

Filho

et al. 2017

Rev. bras. geriatr. gerontol.

View full text Add to dashboard Cite

Objective: To identify tools available in literature for assessing the financial management capacity of elderly persons with and without cognitive deficit or impairment. Methods: An integrative literature review was performed. Scientific publications indexed in the PubMed, LILACS (Latin American and Caribbean Health Sciences Literature), Psychology Index and Cochrane Library databases by November 2015 were evaluated. Results: Of the 609 articles obtained from the databases, 29 were considered eligible for this review, and involved 11 instruments for the evaluation of financial management capacity, the most cited of which was the Financial Capacity Instrument (FCI). Conclusion: There are several scales and instruments available which are used to investigate both daily and instrumental activities of daily living, which allow the independence and effective functioning of the elderly on a day to day basis to be verified. Non-Brazilian literature also describes specific instruments for the assessment of financial management capacity. However, no references to a specific scale that evaluates this construct and which has been validated and adapted for the Brazilian population were identified.

show abstract

Financial capacity following traumatic brain injury: A six-month longitudinal study.

Cited by 37 publications

References 27 publications

Capacity for financial decision making in multiple sclerosis

Capacity for financial decision making in multiple sclerosis

Neurocognitive Predictors of Financial Capacity in Traumatic Brain Injury

Instruments for evaluating financial management capacity among the elderly: an integrative literature review

Contact Info

Product

Resources

About