Money Smart for Older Adults
Money Smart for Older Adults (MSOA) is an instructor-led training developed jointly by FDIC and CFPB. The module provides awareness among older adults and their caregivers on how to prevent elder financial exploitation and to encourage advance planning and informed financial decision-making.
FDIC and CFPB invite stakeholders to order and begin teaching what elder financial exploitation is and why older adults are at risk. MSOA is 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.
There are seven segments covering the following topics:
- Common Types of Elder Financial Exploitation
- Scams Targeting Veterans
- Identity Theft
- Medical Identity Theft
- Scams that Target Homeowners
- Planning for Unexpected Life Events
- How to Be Financially Prepared for Disasters
In addition to the English language version, the participant/resource guide and PowerPoint slides are available in Spanish.
The instructor-led curriculum is available as a download. Both the English language and Spanish language files are available through this link. Once you click this link, you can complete the download process in Spanish by selecting Spanish in the drop-down box in the upper-right corner.
Print copies of Money Smart for Older Adults may be ordered from the Consumer Finance Protection Bureau.