Key Takeaways
According to recent research, more than 65% of American adults are financially illiterate.
And in 2021, 56% of people surveyed reported feeling anxious when thinking about their financial situation.
Join us for part 1 in a two-part webinar series, where economic experts from NCOA, the Consumer Financial Protection Bureau, and in the field of financial mobility will address the "Financial Well-being and Income Sufficiency Among Older Americans".
Many Americans are finding it harder than ever to make ends meet, especially as the cost of living rises.
The Consumer Financial Protection Bureau (CFPB), recognizes that older adults, particularly those of color, have experienced physical, social, and financial effects of the COVID-19 pandemic at a greater rate than the rest of the population.
In this two-part webinar series, NCOA, the CFPB, and other economic experts will examine how to better understand, reach, and serve older adults with incomes “above but near” the poverty line who often report worse financial struggles than older adults with incomes below the poverty line before and after the pandemic.
Part 1 will focus on insights and the impact of a more modernized approach to measuring income adequacy, and building the capacity of the aging services network to reach the communities most impacted by poverty as they age.
Speakers:
Moderator: Vivian Nava-Schellinger, Director, Community Partnerships & Network Activation, NCOA
Introduction: Ramsey Alwin, President and CEO, NCOA and Deborah Royster, Assistant Director, Office for Older Americans, CFPB
Panelists:
- Latrice Williams, Director of Membership and Communications, Grantmakers in Aging
- Hector Ortiz, Senior Policy Analyst, CFPB
- Jan Mutchler, PhD., Director, Gerontology Institute, Center for Social and Demographic Research on Aging, McCormack Graduate School
- Anne Posner, Program Officer, RRF Foundation for Aging