Retirement

In Their Words: What Older Adults Struggling Financially Need

By Farah Manjiyani, Manager, Financial Health Network 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…

Designing Digital Financial Advisory Tools for Low-to-Moderate Income Older Adults

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.

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Fighting to Protect Older Americans’ Economic Security

Fighting to Protect Older Americans’ Economic Security

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.

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Financial Lives Episode 5: When Retirement Won’t Work

Financial Lives Episode 5: When Retirement Won’t Work

Once upon a time, retirement meant a paid-off house, a solid financial cushion, and time to relax. This episode explores how older adults approaching retirement today often find themselves unprepared financially and worried about what their future will actually look like. As for those who have already retired, the reality is often starkly different from the retirement they once imagined.

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Financial Lives Episode 4: A Shock to the System

Financial Lives Episode 4: A Shock to the System

Financial emergencies following a health scare are becoming increasingly common. Unexpected hospital stays or a sudden illness or injury can wipe out savings, leaving many people unable to afford day-to-day expenses. In some cases, medical issues can force people into early retirement, cutting off potential earnings for years to come. This episode provides a glimpse into life after medical shocks and the difficulties older adults face as they try to bounce back financially.

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Financial Lives Episode 3: The Caregiver Conundrum

Financial Lives Episode 3: The Caregiver Conundrum

Chronic healthcare issues are not only challenging for the people diagnosed, but for the loved ones taking care of them. These emotional and financial challenges grow exponentially when medical coverage and healthcare-related debt enter the picture. This episode takes you inside the lives of three families experiencing the challenges of caregiving and attempting to navigate countless financial roadblocks as they plan for an uncertain future.