Older Adult Financial Capability Training – Philadelphia

Paseo Verde
Oct 24, 2018 8:30am - 4:00pm

The need for financial capabilities programming for seniors is indisputable across the United States, where the average annual social security income for seniors is only $17,189, which hardly covers basic necessities, leaving absolutely no cushion for medical emergencies or other unanticipated expenses. Additionally, one in five seniors report being victims of financial abuse each year, with older Americans losing over $2.9 billion a year to financial exploitation.

Recognizing the shortage of nonprofits across the country that provide financial capability education to the growing low-income senior population, JPMorgan Chase & Co. tapped ESOP to develop and implement a “train-the-trainer” program.

The first part of the training teaches nonprofit staff how to present the Money Smart for Older Adults (“MSOA”) curriculum directly to seniors. ESOP was one of the first organizations in the country to develop a robust and integrated financial capability program using the MSOA curriculum developed by the Consumer Financial Protection Bureau.

The second part of the training includes “best practices” on strategies ranging from fundraising and developing an integrated financial capabilities program using the MSOA curriculum to developing and using pre and post surveys to measure program outcomes.

The third part of the full-day training includes training in AARP’s Finances 50+ curriculum as well as the intricacies of providing services to the older adult client.

To date, ESOP has trained over 200 agencies in 12 cities across the United States.

**Contintental breakfast and networking will start at 8:30am (program starts promptly at 9am). Lunch will be provided.

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