With Americans living longer and pensions becoming less common, the financial landscape for individuals over 50 has changed significantly compared to generations past. Today, the financial lives of older adults are tangled in complexities, with pressures ranging from living on fixed incomes during inflationary times to navigating ever-increasing healthcare and housing costs. According to a recent national survey, only 16% of low- to moderate-income (LMI) older adults who are 50-64 years old are financially healthy and that number drops even more significantly for people of color.
The COVID-19 pandemic heightened awareness of this growing problem, attracting the attention of philanthropy and impact investors seeking to support large, but solvable problems. As the number of startups focused on the aging population grows, it will be critical that investors have the tools they need to evaluate which solutions are the most effective.
Bringing together a roundtable of experts representing philanthropy, impact investors, nonprofits, and mission-driven fintech this thought-provoking conversation will provide an overview of the current LMI older adult fintech landscape while introducing attendees to newly developed standards for assessing philanthropic and impact investments in this growing market. Attendees will leave with a new set of tools, a deepened understanding, and a heightened sense of urgency to support and invest in solutions that directly address the complex financial challenges facing LMI older adults.
