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Money Smart for Older Adults

Money Smart for Older Adults is an instructor-led training developed to teach older adults and caregivers of older adults about elder financial exploitation and why they may be at risk.
Author(s) Organizational Affiliation: 
Consumer Financial Protection Bureau
Federal Deposit Insurance Corporation
Published: 
2017
Resource Type: 
Product
Product Type: 
Abstract: 

Money Smart for Older Adults (MSOA) is an instructor-led training that provides information and resources to help older adults and their caregivers identify and avoid financial exploitation through fraud and scams.  The guide also encourages advanced planning and informed financial decision-making. Developed by the Federal Deposit Insurance Corporation (FDIC) and Consumer Financial Protection Bureau (CFPB), the curriculum covers seven topics:

  1. Common Types of Elder Financial Exploitation
  2. Scams Targeting Veterans
  3. Identity Theft
  4. Medical Identity Theft
  5. Scams that Target Homeowners
  6. Planning for Unexpected Life Events
  7. How to Be Financially Prepared for Disasters

The following files are available for download:

  • Instructor Guide, English
  • Resource Guide, English
  • Slides, English (PowerPoint)
  • Slides, English (PDF)
  • Slides, Spanish (PowerPoint)
  • Slides, Spanish (PDF)

The original version of Money Smart for Older Adults  will continue to be offered in Spanish until the updated version of Money Smart for Older Adults is available in Spanish. The three-part module consists of an instructor guide (English), a resource guide (English and Spanish), and a PowerPoint presentation (English and Spanish).

Benefits and Uses: 

Instructors can use the the curriculum to teach older adults what elder financial exploitation is and why they may be at risk. MSOA is also a tool for bank-community partnerships. For example, bank staff could deliver this information in collaboration with providers of senior services or adult protective services.

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