Cost of dementia to exceed 1% of global GDP

Dementia will cost governments around the world some £388 billion this year, according to a new report commissioned by Alzheimer's Disease International.

Researchers at King's College London and the Karolinska Institute in Stockholm calculated that this is the equivalent of one per cent of global GDP.

The authors warned that dementia poses significant health and social risks to society and is urging the World Health Organisation to make the condition a top priority.

In the UK, figures from the Alzheimer's Society show that 750,000 people currently suffer from dementia. By 2025, as the population ages, this is likely to rise to more than a million.

With these statistics in mind, individuals may wish to protect themselves, both financially and in terms of their health and wellbeing, in case they are affected by dementia in the future.

A lasting power of attorney form enables people to appoint a family member or friend to make decisions on their behalf should they become incapable.

Posted by Christopher Evans

Published on: September 21, 2010

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