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The Role of Age-Friendly Banking in Aging in Community

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Presentation on theme: "The Role of Age-Friendly Banking in Aging in Community"— Presentation transcript:

1 The Role of Age-Friendly Banking in Aging in Community
May 6, 2015 Robert Zdenek

2 National Community Reinvestment Coalition
Formed in 1990 to develop and harness the collective energies of community reinvestment organizations from across the country to increase the flow of private capital into traditionally underserved communities.

3 National Community Reinvestment Coalition
Mission to increase fair and equal access to credit, capital, and banking services/products for low- and moderate-income communities, because discrimination is illegal, unjust and detrimental to the economic growth of underserved communities in the United States and around the world.

4 About National Neighbors Silver
Multi-year campaign to empower, organize and support economically vulnerable older adults. Combining advocacy, organizing and direct service, the campaign promotes access to responsible banking services and adequate housing for older adults.

5 About National Neighbors Silver
Working with the banking industry, aging network and housing experts, National Neighbors Silver offers a platform for policy and program solutions to build economic security and preserve wealth for aging America.

6 The Silver Tsunami Older adult population to increase from 35 million in to 72 million in 2030

7 Silver Tsunami (cont.) Growing economic stress
75% of all older adult households are economically vulnerable 19% are unbanked 1 in 5 older adults are subject to fraud and abuse

8 Silver Tsunami Cont. 80% of older adults are homeowners
90% of them want to age in place The cost for an elderly person to live at home and receive services - $18,200

9 Aging in Community as the New Development Opportunity

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11 Age-Friendly Banking Principles
Protect older adults from financial abuse Customize financial products and services for older adults Expand financial management Access critical supports Facilitate Aging in Community Bank accessibility at locations and services

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13 National Neighbors Silver
Our Partners National Neighbors Silver

14 We look forward to your participation!
National Neighbors Silver Robert Zdenek, Director


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