Financial Security
Low- to moderate-income older adults face unique financial challenges and our project with the Financial Health Network (FHN) investigates how well fintech solutions on the market today are meeting these unique needs. The fintech market analysis is a key resource for innovators and investors to use in efforts to build better fintech solutions for lower-middle income older adults.
Developed with funding from The SCAN Foundation, this toolkit is designed to help community based organizations learn how to identify and assess fintech solutions that support the financial well-being of your older adult clients. VIEW TOOLKIT
Financial security is fundamental to older adults’ choices in where and how they age. Yet many older adults are not financially secure – lacking retirement savings, emergency savings, and the financial management tools they need. In fact, 47 percent of older adults (ages 55+) don’t have the liquid savings needed to weather a financial shock. As more and more older adults leave the traditional workforce and their streams of income change, they need a wider variety of emergency savings tools. The SCAN Foundation partnered with the Aspen Financial Security Program to explore how we can tailor products and services to meet those needs and inspire market innovation. VIEW REPORT
Caring for a loved one impacts the health and financial well-being of many older Californians. View this fact sheet produced by The SCAN Foundation and NORC at the University of Chicago.
Californians’ personal health experience and difficulty paying for care are impacted by income disparities. View this fact sheet produced by The SCAN Foundation and NORC at the University of Chicago.
In this February 2022 Perspectives, Dr. Mohanty answers several questions regarding The SCAN Foundation’s aims and progress during during her first year of leadership.
Millennials are stepping up to provide care for aging baby boomers, but it’s not an easy role. VIEW ARTICLE
This policy brief describes the benefits and challenges of using debit cards and cash in CLASS and how they could be implemented and integrated into a Financial Management Services structure.
This policy brief seeks to inform the design and implementation of the CLASS Plan using experience from the provision of Financial Management Services (FMS) in participant direction. We seek to present strategies for maximizing FMS benefits in the CLASS Plan.