The FDIC and the Consumer Financial Protection Bureau have teamed up to offer Money Smart for Older Adults.
Money Smart for Older Adults is an instructor-led training module that teaches older adults and their caregivers on how to prevent elder financial exploitation and to encourage advance planning and informed financial decision-making.
FDIC and CFPB invite stakeholders to order and begin teaching what elder financial exploitation is and why older adults are at risk. Money Smart for Older Adults is a tool for bank-community partnerships. For example, bank staff could deliver this information in collaboration with providers of senior services or adult protective services.
There are seven segments covering the following topics:
- Common Types of Elder Financial Exploitation
- Scams Targeting Veterans
- Identity Theft
- Medical Identity Theft
- Scams that Target Homeowners
- Planning for Unexpected Life Events
- How to Be Financially Prepared for Disasters
The instructor-led curriculum is available as a
downloadable order. If you encounter difficulty downloading the product, you can also email
communityaffairs@fdic.gov .
The Participant/Resource Guide is available in PDF format from the
Consumer Financial Protection Bureau.
