Here’s a sobering statistic: Americans over the age of 60 lose an estimated $23.8 billion annually to elder financial exploitation (EFE) according to the American Association of Retired Persons (AARP.) And if that’s not bad enough, 87.5% of these cases are perpetrated by someone the victim knows.
In a perfect world, summer would be a time for children and parents to soak up the sun and enjoy a slower pace. As most of us know, work calendars don’t align with school calendars. Summer camp is a lifesaver for busy households, and costs add up quickly, leaving many families feeling financially burdened.
Learn more about the potential impacts of credit card fraud and what to do about it.
Amidst juggling work, household chores, and other responsibilities, imparting valuable money lessons can sometimes take a backseat for busy parents. The good news? You have help!
We’re joining forces with our partner, trusted national nonprofit GreenPath Financial Wellness, to spotlight free resources designed to help you deepen your financial capability. “Financial Capability” has been defined by the U.S. Treasury as “the capacity, based on knowledge, skills, and access, to manage financial resources effectively.”
The prevalence of self-care messaging reminds us to nurture our physical and mental well-being—with mindfulness practices, exercise routines, and virtual detoxing. But what about financial self-care?
account number Auto Loans Benefits bill pay budget Budgeting Checking college Credit Credit Cards credit score Debt Reduction Emergency Fund financial education Financial Goals Financial Planning financial wellness Fraud greenpath Home Ownership Identity Theft inflation Investing kids Loans Mobile Banking Money Management online banking Retirement Retirement Planning Saving Security social security spending Student Loans tax deductions taxes tools tutorial