How do older adults fare financially

Why is financial exploitation so common in the elderly population? Why do some older adults fare better than others when making financial decisions? What factors protect or place one at greater risk of being financially exploited? The first step towards addressing a problem is to understand it. The goal of FINCHES is to understand brain and behavior relationships associated with financial decision making and financial exploitation.

Get the Facts on Economic Security for Seniors. NCOA's programs help older adults access benefits, explore how to use their home equity wisely, find training and jobs, and better manage their money. Get the facts on economic security for older adults, and why this is an important issue for NCOA. These older adults struggle with rising housing and health care bills, inadequate nutrition, lack of access to transportation, diminished savings, and job loss. NCOA offers several programs and products that provide hope for economically insecure older adults. The center develops and shares tools, resources, best practices, and strategies for benefits outreach and enrollment. Department of Labor.

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Join us Thursday for two special coronavirus tele-town hall meetings. Find out more. Even so, nearly a quarter of older people are financially insecure, the report says. Older adults in the survey had an average financial well-being score of 60 on a scale of , compared to a 52 for those between the ages of 18 and