Guide

A Nonprofit’s Toolkit for Exploring Age-Inclusive Fintech Partnerships

Learn how to identify and assess fintech solutions that support the financial well-being of your older adult clients.

By Maria Lajewski, Riya Patil

Tuesday, April 16, 2024
 A Nonprofit’s Toolkit for Exploring Age-Inclusive Fintech Partnerships

Stepping in Before Older Adults Face Financial Hardship

Only 16% of low- to moderate-income (LMI) older adults who are 50 to 64 years old are Financially Healthy.1 With Americans living longer and pensions becoming less common, there’s an urgent need for innovative solutions that address their unique financial needs. Fintech tools hold significant promise for improving this population’s financial health, and nonprofits have a critical role to play in connecting their older clients with safe, affordable, and high-quality solutions. 

This toolkit is designed to help nonprofits and community-based organizations navigate and assess fintech solutions that support their clients in new and impactful ways. Whether you’re familiar with the fintech landscape or are just beginning to explore its possibilities, these curated resources meet you where you are.

What You’ll Learn

Explore the full toolkit for resources to help you discover fintech solutions to integrate into your services or refer to your clients.

Financial advisor meets with older couple

Learn how to conduct a financial health checkup of your clients to identify their needs

man using a banking app

See the key questions for understanding your clients’ comfort level with fintech

two women shaking hands over a business deal

Explore different ways to partner based on the level of nonprofit-fintech engagement

Analyzing graphs and data

Find out how to identify potential partners and assess the quality and impact of their solutions

Data Spotlight

Less than half of LMI adults between 50 and 64 years old have three months of savings or feel confident their insurance will cover an emergency.

48%

Have at least 3 months of savings

53%

Have a prime credit score

48%

Are confident their insurance will cover them in an emergency

Our Supporter

This project was made possible through the generous support of our partners at The SCAN Foundation (TSF), a California-based public charity. 

  1. Kennan Cepa et al., “Financial Health Pulse 2023 U.S. Trends Report,” Financial Health Network, September 2023.

Written by

  • Maria Lajewski
    Senior Director, Financial Services Solutions
    Financial Health Network
  • Riya Patil
    Senior Associate, Workplace Solutions
    Financial Health Network

A Nonprofit’s Toolkit for Exploring Age-Inclusive Fintech Partnerships

Explore the trends. Discover new insights. Build stronger strategies.