The Value of Daily Money Management:
An Analysis of Outcomes and Costs
About the Study...
Brookdale Center presents the first economic estimates of the value and costs of DMM programs. This research, a first of its kind, uses standard microeconomic costing techniques to estimate the costs of DMM programs, compared to current alternatives such as nursing home placement or publicly supported Protective Services for Adults ( PSA) programs.
The Study sought to demonstrate through evidence that DMM services assisting vulnerable older people challenged by daily money management have measurable value. This research has shown that DMM programs coupled with case management are a cost-effective approach to financial risk reduction among vulnerable older adults, even preventing or delaying the need for institutionalization. Most importantly, DMM works to protect seniors from financial abuse and supports their need to live safely in the community, resulting in enhanced quality of life.
Download the 4 page introduction flyer (in PDF)
Download the entire DMM report (in PDF)
Download the Powerpoint Presentation (in Powerpoint) presented at the NYC Elder Abuse Conference held on June 2, 2009.
Read the September 2009 NCEA eNewsletter article about Brookdale's research study on the value of DMM.
DMM Policy Symposium 2009
Elders Aging In Place: Who's Paying the Bills?
The Value of Daily Money Management and a Blueprint for Policy
Friday, November 13, 2009, Hunter College School of Social Work
This project was made possible by the generous support of:
The Isaac H. Tuttle Fund
The Altman Foundation
The Jarvie Commonweal Fund
and
The Jacob Reingold Endowment for the Prevention of Elder Abuse.