Money Smart for Older Adults

Welcome to Money Smart for Older Adults! This seminar is designed to provide information and tips to help prevent common frauds, scams and other types of elder financial exploitation.

Financial exploitation has been called “the crime of the 21st century” with one study suggesting that older Americans lost at least $2.9 billion to financial exploitation in 2010 by a broad spectrum of perpetrators, including persons they know and trust, as well as strangers.

This epidemic is under the radar. The cases tend to be very complex and can be difficult to investigate and prosecute. Elders who lose their life savings usually have little or no opportunity to regain what they have lost. Elder financial exploitation can result in the loss of the ability to live independently. It can also result in a decline in health, broken trust, and fractured families.

Awareness is the first step. Planning ahead for financial wellbeing and the possibility of diminished financial capacity is critical. Reporting and early intervention are vital to preventing loss and recovering loss when possible.

Join us for a seminar at the North Lexington Family YMCA in the multi-purpose room on Tuesday, Dec. 12 at 11:30 a.m. Snacks will be provided. This is free and open to the community.

Thank you to Chase Foundation for presenting this information to our community.