MEDIA RELEASE from Alzheimer’s Australia
The number of people with dementia in Australia has soared to more than 400,000 – and almost 139,000 in NSW – with an estimated cost to the community of more than $14 billion this year alone, a new report has found. The research predicts this number will climb by another $4 billion in just eight years as the number of people living with the condition continues to rise dramatically.
The report, The Economic Cost of Dementia in Australia 2016-2056, commissioned by Alzheimer’s Australia and released today, has found that if nothing is done to reduce the incidence of dementia, the cost will blow out to more that $18 billion by 2025, in today’s dollars, and more than double to $36 billion in less than 40 years as the number of people with dementia soars, from an estimated 413,000 people in 2017, to 536,000 people by 2025 and a staggering 1.1 million people by 20156.
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