Financial Lives After 50: Rethinking the Golden Years
Discover key insights about the financial challenges and choices facing low- to moderate-income people ages 50 and over.
Saving for retirement is essential to financial health, but rising costs of financial obligations like healthcare and student loans prevent many people from preparing for life after work. Providers can earn the loyalty and trust of these consumers by offering retirement guidance and effective savings solutions. Explore our research and resources on the connections between day-to-day financial challenges and long-term financial health, then partner with the Financial Health Network to bring better long-term savings solutions to those that need them most.
Discover key insights about the financial challenges and choices facing low- to moderate-income people ages 50 and over.
Using data from the U.S. Financial Health Pulse, the Financial Health Network identifies five challenges for the LMI 50+ and opportunities for providers to support this fast-growing segment.
Mothers make a lot of sacrifices for their children, and many do so joyfully. But they may not realize that those tradeoffs could threaten their ability to provide for themselves in their later years.
Despite the recent stimulus, increased vaccinations, and gathering momentum of reopenings across the country, millions are still struggling with their financial health. Ongoing economic uncertainty, job loss, and physical health concerns have caused many to shift financial priorities just to stay afloat. In the Financial Health Network’s latest…
Most low-to-moderate income (LMI) older adults are financially challenged to reach retirement and maintain their quality of life as they age. This report showcases research insights and design features that financial service providers can leverage to better support the needs of this group as they approach retirement, produced in partnership with the Institute of Consumer Money Management.
So many research studies about Americans’ personal finances focus on affluent adults and their retirement savings. But Heidi Johnson, director of behavioral economics for the nonprofit Financial Health Network, has put a spotlight on the money challenges of low- and moderate-income people 50 and older. More specifically: how financial institutions and personal finance apps often […]
What online and mobile money tools do wrong and how to fix it Read the Article >>
Now more than ever, older adults are at greater risk of medical emergencies. Yet many are also caretakers for family members – making them even more susceptible to medical financial shocks.
For older adults living on fixed incomes, constant budgeting often isn’t enough to afford basic essentials – forcing them to make tradeoffs that are even more acute in the wake of COVID-19.
Here we discuss with AARP Foundation’s Lisa Marsh Ryerson and JPMorgan Chase’s Alice Rodríguez the unique financial health challenges faced by older Americans and announce the release of a 6-part video series: Financial Lives After 50: Rethinking the Golden Years from the Financial Health Network and AARP Foundation in collaboration with JPMorgan Chase.
What would older adults tell their younger selves if they could go back in time and do things to make managing their finances easier later on? This episode features touching, endearing, and sage advice from older adults across the U.S.