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From the study: "Decades of research have found that verified olfactory dysfunction is a strong early factor associated with neurodegenerative disease, often preceding diagnosis by years.14 Cognition and olfactory function are intricately linked. The olfactory system is closely connected to brain areas involved in memory, emotion, and decision-making."
And if future cognitive deterioration isn't a strong enough motivating factor, there can be immediate & day-to-day quality of life effects, according to AbScent, a nonprofit dedicated to helping people connect about and recover from loss/deterioration of smell . . .
https://jamanetwork.com/journals/jamanetworkopen/fullarticle/2839325