By Deborah M. Royster, Assistant Director, Office for Older Americans, U.S. Consumer Financial Protection Bureau (CFPB)
August 11, 2021
As we grow older, we face many financial decisions. Where will I live? Who will help me manage my money if I am no longer able to do it myself? How can I protect my money from scammers?
The Consumer Financial Protection Bureau (CFPB) is here to help older adults answer those questions and make financial decisions with confidence. Our Office for Older Americans creates resources to help older adults make sound financial decisions as they age, and educate people about scams and financial exploitation.
The COVID-19 pandemic shined a light on the challenges of caregiving and the importance of preparing for the unexpected. We offer resources to help you plan and navigate future financial decisions. Financial caregivers are people who manage money for a loved one who may need help because of health problems or memory issues. If you don’t have a financial caregiver lined up, it helps to plan ahead in case you need help in the future. Understanding your options will allow you and your loved ones to choose what works best for your situation. You may be called on to be a financial caregiver at some point, as well. We’re pleased to collaborate with the National Center on Elder Abuse to bring our free resources to more people.
You can find the Office for Older Americans at consumerfinance.gov/olderamericans or email us at firstname.lastname@example.org. Visit consumerfinance.gov for more information about common financial issues, including resources related to the COVID-19 pandemic.