NEW YORK, NY -- (Marketwired) -- May 09, 2016 -- Today, one in five Americans over the age of 65 has been the victim of financial abuse.(1) The average loss per victim is $120,000.(2) EverSafe, a unique technology service that monitors financial accounts and credit reports to guard against elder fraud and identity theft, and the National Council on Aging (NCOA) announced an innovative partnership that will increase seniors' access to resources and important information that will help them save money, protect against scams, find work and set financial goals.
"Unfortunately, elder fraud is on the rise, and seniors are targeted by strangers, businesses, and even relatives. Many older adults are at risk," said Howard Tischler, founder and CEO of EverSafe. "We're dedicated to proactively protecting seniors' life savings and securing families' futures -- we are proud to partner with NCOA."
NCOA's EconomicCheckUp®, a free online tool that helps seniors make the most of their money, will now be available at EverSafe.com. EconomicCheckUp® provides seniors information on topics such as retirement planning, avoiding scams, legal issues, money management and budgeting. By completing the EconomicCheckUp® questionnaire, seniors will receive a personalized list of resources, tips and programs that are designed to assist them to maintain their financial independence.
EverSafe members also will receive reminders to complete necessary actions outlined in the report to ensure they utilize available benefits.
"After my mother was the victim of financial abuse, I founded EverSafe as a proactive financial defense network that serves as an 'extra set of eyes' for seniors and their advocates to keep finances secure," said Tischler. "And with this groundbreaking NCOA partnership, we can help even more seniors protect their financial health."
Each personal report generated from EconomicCheckUp® is tailored to seniors. It is vital that both retirees and those still working are educated about their money and financial goals. EconomicCheckUp® provides the resources seniors need to make smart financial decisions.
"An average of 10,000 baby boomers are turning 65 every day in America, and every one of them should have a long-term economic security plan in place," said Maggie Flowers, associate director of economic security at NCOA. "NCOA is pleased that EverSafe chose EconomicCheckUp® to enhance their offerings and help seniors and their caregivers learn about the benefits programs available to ensure that seniors remain healthy and independent in their homes and communities."
EverSafe is a technology service that protects older adults and their families against financial abuse -- a silent epidemic in which billions are lost annually. Using proprietary algorithms designed by experts in aging, fraud, identity theft and law enforcement, EverSafe scans bank and investment accounts, credit cards and credit reports for suspicious activity. EverSafe supports the designation of trusted advocates to serve as an "extra set of eyes" in monitoring, and provides personalized referrals and expert remediation assistance to members. Learn more atwww.EverSafe.com and @EverSafeSeniors.
NCOA's EconomicCheckUp® is the nation's most comprehensive, free online service to help older adults improve their economic security. The site helps older adults find work, cut spending, reduce debt, and use their home equity. Learn more at www.EconomicCheckUp.org.
The National Council on Aging (NCOA) is a respected national leader and trusted partner to help people aged 60+ meet the challenges of aging. Our mission is to improve the lives of millions of older adults, especially those who are struggling. Through innovative community programs and services, online help, and advocacy, NCOA is partnering with nonprofit organizations, government, and business to improve the health and economic security of 10 million older adults by 2020. Learn more at ncoa.org and @NCOAging.
(1) Investor Protection Trust Survey: Elder Investment Fraud and Financial Exploitation.http://www.investorprotection.org/downloads/EIFFE_Survey_Report.pdf
(2) AARP's BankSafe™ Initative: A Comprehensive Approach to Better Serving and Protecting Consumers.http://www.aarp.org/ppi/info-2015/age-friendly-banking-an-initiative-promoting-the-financial-resilience-of-people-age-50.html.
Contact: Kendall Schoemann Communications Strategy Group 303-218-0939 [email protected] Vanessa Sink National Council on Aging 571-527-3914 [email protected]
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