Money Smart - A Financial Education Program
Money Smart for Older Adults
Money Smart for Older Adults (MSOA) is an instructor-led training developed jointly by the FDIC and Consumer Financial Protection Bureau (CFPB). The curriculum has been enhanced with new information and resources that allow older adults and their caregivers to make comprehensive financial decisions with confidence. Learn about common types of fraud and scams and how to prevent elder financial exploitation. Most importantly, discover ways to keep your information safe and secure through advanced planning.
We invite you to use 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.
The curriculum covers seven 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
The curriculum consists of an instructor guide, a PowerPoint presentation, and a take-home resource guide. Materials are available in both English and Spanish.
For examples of how several organizations have used the MSOA curriculum to inform and protect seniors and their caregivers, read a success story in Money Smart News.