Judy Smith, PhD, LCSW has conducted many research studies on parenting and child development with samples of low-income women. In this blog, she describes her recent work focused on the stresses of parenting in later life, which is a topic that has received very little attention in the academic arena and in popular media. More →
| AARP’s Public Policy Institute today released a new research report focusing on older investors with diminished capacity—and how financial services professionals can best meet their needs.
Increasingly, older people are responsible for their own retirement security in an era of defined contribution plans and other forms of “do-it-yourself” retirement. Financial capacity is the first kind of decision-making capacity to decline with the onset of dementia and other causes of cognitive impairment. Are financial services industries prepared for the age boom and increased incidence of diminished capacity?
This report includes extensive background information on diminished financial capacity, the risk of financial exploitation, and the financial professionals who serve older clients. It shares results of a national survey of financial professionals and an interdisciplinary roundtable about current practices, protocols and needs—and makes recommendations for federal and state policy-makers, industry, aging organizations and other stakeholders. Click here for the report.
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Naomi Karp, JD
Senior Strategic Policy Advisor | Consumer & State Affairs Team