Money and Computing
I Took a Risk and Revealed My Age
Everytime I read of an elderly woman (60!) who (amazingly) fended off a purse snatcher or competed in a marathon, my stomach turns. I wanted to let journalists know that women over 70 could start, re-start, and succeed (fingers crossed) in entrepreneurial pursuits. more »
Diminished Financial Capacity and Impairment
The capacity to manage one’s own financial affairs is critical to success in independent living. Impairments in financial skills and judgment are often the first functional changes demonstrated by patients with incipient dementia. more »
Guardianships: Cases of Financial Exploitation, Neglect, and Abuse of Seniors
In 20 selected closed cases, GAO found that guardians stole or otherwise improperly obtained $5.4 million in assets from 158 incapacitated victims, many of whom were seniors. In some instances, guardians also physically neglected and abused their victims. In 6 of 20 cases, the courts failed to adequately screen potential guardians, appointing individuals with criminal convictions or significant financial problems to manage high-dollar estates. more »
Bernanke Addresses the Issue of Irregularities in Foreclosure Practices
We have also partnered with the US departments of Labor and Treasury and with the HOPE NOW Unemployment Taskforce to help unemployed homeowners avoid losing their homes. This collaboration led to the creation of an online tool that allows homeowners and servicers to document unemployment insurance benefits as income in order to qualify for federally sponsored mortgage modification programs. more »