If a decrease in cognitive abilities leads to impaired independence (and consequently life outcomes), then it would make sense that an increase in cognitive abilities leads to improved life outcomes. Here, I am assuming that this effect is monotonic across the whole range of cognitive abilities, which the submitted article seems to confirm.
Of course, I am comparing individuals having a medical condition (dementia) with, as far as I understand, cognitively intact study participants, but I think it doesn't meaningfully weaken my argument. If you disagree, I'd love to understand why.
This is exactly why.
Because dementia has specific non-global effects on cognitive ability. It's a disease. The impairments caused by dementia aren't a linear projection down from a non-diseased state. Even if outcomes in terms of how the study defined them end up in a similar place, dementia isn't actually supporting evidence in any meaningful way.