NCOA to Help Thousands of Struggling Older Adults in Maryland

Contact:

Vanessa Sink
Public Affairs Manager
571-527-3914
vanessa.sink@ncoa.org

Arlington, VA – The National Council on Aging (NCOA) today announced an effort to improve the financial outlook for thousands of struggling older adults in Maryland. With support from the Harry and Jeannette Weinberg Foundation, NCOA will help older adults to get personalized assessments and connect to services wherever they are – either at home on their computer and/or in their communities.

Across Maryland, roughly a quarter million adults aged 60+ live on incomes less than $29,400 a year (250% of the Federal Poverty Level). Many of these individuals are one event—a job loss, major health expense, or accident—away from financial crisis.

NCOA is targeting this population through two mechanisms:

  • EconomicCheckUp.org is a free, online tool that helps older adults find work, cut their spending, reduce debt, and use their home equity.
  • Five Economic Service Centers will work with community partners across Maryland to conduct personalized, comprehensive economic assessments and connect individuals to a variety of community resources.
    Early testing of these mechanisms in Baltimore and other communities across the nation have already helped financially strapped older adults free up, on average, $250 per month or $3,000 per year.

“We’re excited to be partnering with the Weinberg Foundation and social service agencies throughout Maryland to improve the lives of those who may be struggling, or who simply want to get a handle on their financial situation,” said Ramsey Alwin, vice president of economic security at NCOA. “This effort not only boosts the financial security of thousands of Maryland seniors, but also advances NCOA’s goal of improving the lives of 10 million older adults by 2020.”

“By 2020, the Weinberg Foundation dreams of Making Maryland the Best Place to Grow Old,” said Ellen M. Heller, Weinberg Foundation Board Chair. “Improving the economic security of Maryland’s vulnerable older adults is one more step toward achieving that goal.”

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.

About the Weinberg Foundation

The Harry and Jeanette Weinberg Foundation, one of the largest private charitable foundations in the United States, provides approximately $100 million in annual grants to nonprofits that provide direct services to low-income and vulnerable individuals and families, primarily in the U.S. and Israel. Grants are focused on meeting basic needs and enhancing an individual’s ability to meet those needs with emphasis on older adults, the Jewish community, and our hometown communities of Maryland, Northeastern Pennsylvania, and Hawaii. For more information please go to www.hjweinbergfoundation.org.