Preventing Elder Financial Exploitation: Research, Policies, and Strategies

Financial exploitation of older individuals through fraud and scams is a growing threat, and preventing such exploitation is important to maintaining elders’ economic health. The Federal Reserve Bank of Chicago hosted Preventing Elder Financial Exploitation: Research, Policies, and Strategies, a virtual event in which experts talked about their research, policy, advocacy, and collaboration concerning this vital topic. As a trusted convener, the Federal Reserve Bank of Chicago seeks to elevate discourse on topics such as elder financial exploitation.

The webinar took place on Wednesday, April 3, 2024, from 11:00 am to 12:30 pm CT (12:00 pm to 1:30 pm ET). Austan Goolsbee, the Chicago Fed president, began the virtual event with an address. President Goolsbee’s remarks were followed by discussion of research on the topic by Bhash Mazumder, senior economist and economic advisor at the Federal Reserve Bank of Chicago, and Marti DeLiema, professor at the University of Minnesota School of Social Work. The event also included a panel of experts who discussed local factors and policies surrounding elder financial exploitation in the Midwest and nationwide.

For more about the event, please see the recap and this preview article in Chicago Fed Insights or President Goolsbee's remarks.