---
title: "Dementia - Sapience Financial"
description: "Learn about dementia, a condition causing a decline in memory, rationality, and physical functioning. Explore factors increasing the risk and its impact on carers."
url: "https://www.sapience.com.au/cost-burden-of/dementia"
date: "2026-05-26T02:44:38+00:00"
language: "en-GB"
---

Reading Time: 1 minute

## Dementia

Dementia is a term used to describe symptoms of a large group of illnesses that cause a **decline in a person's functioning**. These symptoms can include loss of memory, rationality, social skills and physical functioning

- One of the most commonly known types of dementia is **Alzheimer's disease**.
- Dementia is **more common in women than men** and it is the greatest cause of disability in people over the age of 65 years.
- It is the second leading cause of death in Australia

Approximately 25,938 people are living with **younger onset dementia**. By 2056, his number is expected to increase to 42252 people — *NATSEM Feb 2017*

#### What are the risks?

- Men have a 1–11 chance of developing dementia during their lifetime.
- As dementia is more common in women, the risk is higher, a 1–6 chance over their lifetime.

**Factors that can increase a person's risk of dementia include:**

- Cardiovascular disease (CVD)
- Diabetes
- High cholesterol
- Family history
- Head injury

#### Impact on carers

The cost of dementia also affects the carers – there are approximately 1.2 million people in Australia caring for someone with dementia. Most people with dementia live in the community brackets as opposed to aged care or assisted living facilities, and 46% receive informal assistance for example from a family member or close friend.

It is estimated there will be more than 500,000 people living with dementia by 2025 and over 1 million by 2056 —*Health Direct May 2018*

![dementia cost to care sapience financial](https://www.sapience.com.au/images/cost-to-care/dementia-cost-to-care-sapience-financial.svg)

![out of pocket costs dementia cost to care sapience financial](https://www.sapience.com.au/images/cost-to-care/out-of-pocket-costs-dementia-cost-to-care-sapience-financial.svg)

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