June 16, 2021
June 15 is World Elder Abuse Awareness Day. To commemorate this day, we are sharing resources to help communities across the nation protect older people from financial harm.
We are pleased to announce the release of an update to the Money Smart for Older Adults (MSOA) program. The Office for Older Americans collaborates with financial institutions, law enforcement, Adult Protective Services, legal aid organizations, senior service providers, and other community stakeholders to prevent financial exploitation of older adults.
MSOA is a training curriculum that raises awareness of frauds and scams and encourages advanced planning and informed financial decision-making. The updated program includes new content on romance scams. The program also covers the following topics:
- Common types of elder financial exploitation
- Identity theft
- Medical identity theft
- Scams that target homeowners
- Scams that target veterans
- Planning for unexpected life events
- How to be financially prepared for disasters
The MSOA resource guide can be distributed as a stand-alone handout for older adults and others in your community. Order free, bulk copies by visiting consumerfinance.gov/moneysmart. The instructor guide and corresponding slides are available for download at FDIC.gov/moneysmart. Sharing the Money Smart for Older Adults program in your community is one of many ways you can encourage and promote the financial health and well-being of older people. Learn more about financial issues affecting older adults at consumerfinance.gov/olderamericans.