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Bank Smart. Financial Education for Older Adults

Oct 10, 2018 10:00 AM - 11:30 AM

|Recurring Event (See all)

An event every week that begins at 10:00am on Wednesday, repeating until Oct 10, 2018

Wednesday, October 3rd & 10th (2 classes)
10 am to 11:30 am

Cost: Free

Presenter Beth Dunleavy

 “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. Cognitive impairment diminishes the ability for older adults to make financial decisions and to detect frauds and scams. 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.  Money Smart for Older Adults is designed to provide you with information and tips to help prevent common frauds, scams, and other types of elder financial exploitation in your community.”

 

Details

Date:
Oct 10, 2018
Time:
10:00 AM - 11:30 AM
Event Category:

Venue

The Endwright Center
631 W. Edgewood Dr.
Ellettsville, IN 47429 United States
+ Google Map
Phone:
(812) 876-3383 ext. 515
Website:
www.area10agency.org/endwright