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THE Online Pharmacy Community

Age-Friendly Banking Instructs Seniors On Services, Guards Against Abuse, Experts Say (Part Five)

Chen said the Federal Reserve Bank there hosted two discussion events of their own. Participating seniors learned what services are being offered by their local area banks. Quarterly newsletters are released about these services and products. The center’s work is available at its website at http://www.centeronelderabuse.org. In like fashion, Aery said the coalition recruits ambassadors […]

Age-Friendly Banking Instructs Seniors On Services, Guards Against Abuse, Experts Say (Part Four)

“[This meant that there were] a lot of people [without affordable housing in California. There was] only one of me, my boss and support staff [performing this work]. We wanted to produce something of value.” Firstly, Aery said, the coalition performed assessments of units and properties in rural communities. Coalition staff visited the member organizations […]

Age-Friendly Banking Instructs Seniors On Services, Guards Against Abuse, Experts Say (Part Three)

“[We make] recommendations [to enable banks to] create and customize financial products, [including] low-cost, low-fee accounts,” Zdenck said. “[This] requires financial institution staff to identify fraud and abuse. [It all supports] age-friendly banking. “[Under the GO Direct program sponsored by the Federal Reserve Bank and the U.S Department of the Treasury,] all benefit payments [are […]

Age-Friendly Banking Instructs Seniors On Services, Guards Against Abuse, Experts Say (Part Two)

With the struggling economy, bank savings among the nation’s population, including seniors, are decreasing and the use of defined benefits is rising. Additionally, Social Security accounts for 30 percent of the average older adult’s income and this figure is growing, he added. Zdenck said federal research also found that 19 percent of seniors are unbanked; […]

Age-Friendly Banking Instructs Seniors On Services, Guards Against Abuse, Experts Say (Part One)

State and federal agencies and banks are partnering to enact age-friendly banking practices to teach seniors about the different services and products they offer and social benefits and to protect them against financial abuse and exploitation, four panelists at a conference on aging said. Four government, banking, housing, community development and geriatric experts in their […]