Eviction Prevention: Tips for Effective Resident Engagement
Provided by NeighborWorks America, this research examines the most common reasons for loss of rental housing and identifies which resources vulnerable renters need to achieve housing stability.
Hey, Personal Finance Apps: How About Serving Older People?
What online and mobile money tools do wrong and how to fix it Read the Article >>
Webinar: Health-Wealth Connections: The Impact of Medical Shocks and Family Caregiving on Older Adults
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.
Webinar: Retirement Realities: Innovating to Support Aging Americans on Fixed Incomes
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.
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.
Financial Lives Episode 6: Good Advice Never Gets Old
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.
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.
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.
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.
Financial Lives Episode 1: When Fixed Incomes Fall Short
Pay for your medication or buy dinner? Many older adults living on fixed incomes have to make daily trade-offs like these, even if they’re able to supplement their steady paychecks or Social Security checks. This episode provides a glimpse into life on a fixed income, where constant budgeting doesn’t guarantee you can afford basics like groceries. Explore the realities of life for those who have officially retired and others who are still working and struggling to afford life in their later years.
Financial Lives Episode 2: All in the Family
Sharing a home with grandchildren, parents, or children is a familiar story these days, as more people over 50 find themselves living in multigenerational households. From helping with rent to pitching in with childcare, the benefits can be immeasurable – but having multiple generations under one roof isn’t always easy. This episode takes a step inside the joys and challenges that come with this dynamic living situation.
The Complexities of Caregiving: Financial Health and the Aging Crisis
Research overwhelmingly shows that health shocks can have dramatic and long-term implications for financial health. This is especially true for the elderly. Among all the statistics, it is clear that there will be more elderly people dependent on fewer younger people with an ever-increasing list of challenges, making financial health for all less attainable.