Opening Doors to Elder Economic Security
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Opening Doors to Elder Economic Security

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December 5, 2013

NCOA Media Contact:
Brandy Bauer
202-600-3126
brandy.bauer@ncoa.org

FOR IMMEDIATE RELEASE

Washington, DC (December 5, 2013) – The National Council on Aging (NCOA) today announced a new initiative that uses integrated services and financial education to help older adults achieve lasting financial security.

With ongoing support from the Bank of America Charitable Foundation, NCOA is rolling out a series of consumer and organizational tools to help struggling seniors get a comprehensive assessment of their economic situation and receive personalized assistance to connect with a range of supportive programs and services, including employment, money management, and benefits.

The tools include:

  • EconomicCheckUp®, a new online service that helps older adults identify benefits, employment, budgeting, and other tools that help them save money.
  • A toolkit for community organizations to assess their readiness and receive guidance to implement a holistic approach to elder economic security among their clients.
  • Savvy Saving Seniors®, three financial education modules that will be used across NCOA’s network of senior centers.

In addition, NCOA is partnering with organizations in four communities to provide economic casework to mature workers.

“For more than three years, Bank of America has helped NCOA work toward its social impact goal of improving the economic security and health of 10 million older adults by 2020,” said Ramsey Alwin, NCOA’s vice president of economic security at NCOA. “We’re confident that these tools—which in early tests have helped free up, on average, $3,000 a year in seniors’ income—will be valuable to older adults in need and the organizations that serve them.”

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About NCOA  

The National Council on Aging is a nonprofit service and advocacy organization headquartered in Washington, DC. NCOA is a national voice for millions of older adults—especially those who are vulnerable and disadvantaged—and the community organizations that serve them. It brings together nonprofit organizations, businesses, and government to develop creative solutions that improve the lives of all older adults. NCOA works with thousands of organizations across the country to help seniors find jobs and benefits, improve their health, live independently, and remain active in their communities. For more information, please visit: www.ncoa.org |www.facebook.com/NCOAging | www.twitter.com/NCOAging

About Bank of America Corporate Social Responsibility

Bank of America’s commitment to corporate social responsibility (CSR) is a strategic part of doing business globally. Our CSR efforts guide how we operate in a socially, economically, financially and environmentally responsible way around the world, to deliver for shareholders, customers, clients and employees. Our goal is to help create economically vibrant regions and communities through lending, investing and giving. By partnering with our stakeholders, we create value that empowers individuals and communities to thrive and contributes to the long-term success of our business. We have several core areas of focus for our CSR, including responsible business practices; environmental sustainability; strengthening local communities with a focus on housing, hunger and jobs; investing in global leadership development; and engaging through arts and culture. As part of these efforts, employee volunteers across the company contribute their time, passion and expertise to address issues in communities where they live and work. Learn more at www.bankofamerica.com/about and follow us on Twitter at @BofA_Community.

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