Posts Tagged "vaccine"
December 23, 2020
A Splendid Holiday Gift: a Vaccine
Rather than look back on a bizarre and painful 2020, let’s look ahead to the bright side: a vaccine.
It is truly remarkable that top-notch scientists have been able to create several vaccines in record time. Producing and delivering them will be another hurdle, and questions remain about side effects and how long a vaccine will protect us. Many Americans’ reluctance to strictly adhere to public health standards will unfortunately slow our ability to put the virus completely behind us.
But scientists and public health officials seem confident the vaccines can eventually snuff out this once-in-a-lifetime pandemic.
Only then can we get back to our normal activities, such as traveling, eating at restaurants, and shopping – in person, rather than online. More important, increasing our consumer spending will give a shot in the arm to the economy and help put many Americans back to work after months of unemployment.
Have a joyful but subdued holiday – and enjoy the anticipation of a happier 2021!
Squared Away will return on Jan. 5 with a round-up of our readers’ favorite blogs in 2020.
October 22, 2020
Cognitive Decline Meets COVID-19 Scams
The federal government warns that older Americans are being targeted by a battery of financial scams, including telemarketers offering to do contact tracing – for a fee – or to reserve a slot for a future vaccine. Others are soliciting donations to charities purportedly helping people in need during the economic slowdown.
COVID-19 makes this a perilous time for people struggling with cognitive decline.
Few can escape a deterioration in their cognitive capacity as they age. It’s just a matter of degree and speed. But the faster it happens, the more damage it can do, the FINRA Investor Education Foundation concluded in a new study.
The study was based on surveys of more than 1,000 older residents in Chicago retirement communities and subsidized housing – average age, 80. The same people were periodically asked questions with varying degrees of difficulty about their general financial knowledge and investments and were asked to compare and calculate percentages.
The older people who either initially had less understanding of financial concepts or experienced a faster decline in their knowledge made poorer financial decisions in exercises that simulated real-world decisions.
This included a vulnerability to scams, which was assessed by asking the older people to agree or disagree with statements like this: “If a telemarketer calls me, I usually listen to what they have to say.” (Not recommended.) And this: “If something sounds too good to be true, it usually is” (Count on it.)
To prevent scams, older people – and their caregivers – need to anticipate the financial damage that cognitive decline can cause. …Learn More