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Financial judgment determination in adults with ADHD.
Janneke Koerts1, Dorien F Bangma2, Anselm B M Fuermaier3
1Department of Clinical and Developmental Neuropsychology, University of Groningen, Grote Kruisstraat 2/1, 9712 TS, Groningen, The Netherlands. janneke.koerts@rug.nl.
Adults with Attention-Deficit/Hyperactivity Disorder (ADHD) struggle with financial judgment, impacting their ability to understand, appreciate, reason, and communicate financial information. This affects everyday functioning and financial decision-making capabilities.
Area of Science:
- Neuroscience
- Psychology
- Behavioral Economics
Background:
- Attention-Deficit/Hyperactivity Disorder (ADHD) significantly impairs daily functioning, including financial decision-making.
- Existing research on ADHD and financial capability primarily focuses on financial performance, neglecting other crucial aspects like financial judgment.
Purpose of the Study:
- To investigate the financial judgment abilities in adults diagnosed with ADHD.
- To identify specific deficits in financial judgment among adults with ADHD.
Main Methods:
- The study included 39 adults with ADHD and 83 without ADHD.
- Participants completed the Financial Competence Assessment Inventory (FCAI) and Financial Decision-Making Interview (FDMI).
- These instruments assessed four components of financial judgment: understanding, appreciation, reasoning, and communication.
Main Results:
- Adults with ADHD scored significantly lower on understanding financial information compared to controls, as per both FCAI and FDMI.
- Adults with ADHD also demonstrated significantly lower scores in appreciation, reasoning, and communication, according to the FCAI.
Conclusions:
- Adults with ADHD exhibit notable difficulties in financial judgment, particularly in understanding financial information.
- Impaired appreciation, reasoning, and communication regarding personal financial matters were also observed in adults with ADHD.
- Clinical assessment of financial capability in adults with ADHD is recommended.
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