NCOA and Bank of America Empower Older Adults to Take Control of Their Financial Futures

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Vanessa Sink

Public Affairs Manager

571-527-4020

press@ncoa.org

Arlington, VA –The National Council on Aging (NCOA) and the Bank of America Charitable Foundation are teaming up to help older adults improve their financial outlook by connecting them to credit and debt counseling, employment, housing, and other money management tools.

With support from Bank of America, NCOA is partnering with aging and human service organizations in six metro areas—Chicago, Cleveland, Galveston/Houston, Los Angeles, Oklahoma City, and Buffalo —to help struggling older adults receive personalized assistance and connect with a range of supportive services. Specifically, older adults can receive:

  • A comprehensive assessment of their clients’ financial situations, using NCOA’s free online tool, EconomicCheckUp®. EconomicCheckUp® helps older adults find work, cut spending, reduce debt, and use their home equity.
  • Resources in their community that can boost their income and address their money challenges.
  • Education about budgeting, avoiding scams and fraud, and using pre-paid debit cards through the Savvy Saving Seniors® financial education modules developed by NCOA with support from Bank of America.

“For over five years, NCOA and Bank of America have been working to help older adults lift themselves out of poverty, navigate the maze of resources available to them, and improve their financial futures,” said Ramsey Alwin, NCOA Vice President of Economic Security. “By extending these efforts to new communities—especially some that have been hard hit economically in recent years—we hope to alleviate the financial woes of many more older adults.”

“We’re especially pleased that Bank of America employees are able to give back to their communities by volunteering their time to lead the Savvy Saving Seniors® financial education workshops,” said Kerry Sullivan, President, Bank of America Charitable Foundation. “Through our work with NCOA, we hope to provide the holistic resources that can help older adults learn better money habits and improve their long-term economic security.”

About NCOA

The National Council on Aging (NCOA) is a respected national leader and trusted partner to help people aged 60+ meet the challenges of aging. Our mission is to improve the lives of millions of older adults, especially those who are struggling. Through innovative community programs and services, online help, and advocacy, NCOA is partnering with nonprofit organizations, government, and business to improve the health and economic security of 10 million older adults by 2020. Learn more at ncoa.org and @NCOAging.