Please use this identifier to cite or link to this item: https://doi.org/10.1080/15433714.2011.581530
Title: The Value of Daily Money Management: An Analysis of Outcomes and Costs
Authors: Sacks, D.
Das, D. 
Romanick, R.
Caron, M.
Morano, C.
Fahs, M.C.
Keywords: case management
community based services
crisis categories
Daily money management
elder abuse
frail older adult
outcomes and costs
Issue Date: Oct-2012
Citation: Sacks, D., Das, D., Romanick, R., Caron, M., Morano, C., Fahs, M.C. (2012-10). The Value of Daily Money Management: An Analysis of Outcomes and Costs. Journal of Evidence-Based Social Work 9 (5) : 498-511. ScholarBank@NUS Repository. https://doi.org/10.1080/15433714.2011.581530
Abstract: For vulnerable and frail older adults, management of daily financial obligations can become an overwhelming burden spiraling into at-risk situations. Social service agencies have developed community-based Daily Money Management programs to assist these adults in protecting their financial security. Through this study the authors present the first economic estimates of the costs of Daily Money Management programs which, along with case management programs, save $60,000 per individual when compared with the cost of nursing home placement, making them highly cost effective. Most importantly, individuals are able to remain in their homes. The authors address the current gap between cost-effective community-based practice and public policy support. © 2012 Copyright Taylor and Francis Group, LLC.
Source Title: Journal of Evidence-Based Social Work
URI: http://scholarbank.nus.edu.sg/handle/10635/126276
ISSN: 15433714
DOI: 10.1080/15433714.2011.581530
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