News About Aging

Posted By Christine Hoffman

Aging Research & Issues: October 16-20, 2017

Posted By Christine Hoffman

Aging Research & Issues: October 10-13, 2017

Reverse mortgages can pose risks. (iStock)
Posted By Marcia Siegal

Help available to couples with reverse mortgages

By Elizabeth P. Shay, Esq., director of homeownership rights, SeniorLAW Center

Reverse mortgages have become popular as the result of marketing and television commercials that claim this is a simple way for seniors to get cash from their home with no repayment until after they die. While this type of loan is not suitable for many borrowers, it may be useful for a senior living on a fixed income who is facing foreclosure of their conventional mortgage. But for most seniors, a reverse mortgage is expensive and may pose big risks to borrowers. If you already have a reverse mortgage, take a moment and look over the deed to your home.

Posted By Alicia Colombo

Fraud alert: Scams in the name of charity

Imposters claiming to be with the FTC or another agency like the fictitious “Consumer Protection Agency” are calling to inform people they have won a huge sweepstakes from the Make-a-Wish Foundation, a well-known charity for very sick children. To get the money, the callers say, the “winner” must first pay thousands of dollars to cover taxes or insurance on the prize. It is a scam.

Posted By Alicia Colombo

Philadelphia Water Dept. offers new program for low-income customers, seniors

The city of Philadelphia’s new Tiered Assistance Program (TAP) helps to reduce the monthly water bills for seniors and customers who are low-income or have special financial hardships.

stock elderly woman elder abuse photo
Posted By Marcia Siegal

Elder abuse awareness event set for June 14

The Philadelphia Financial Exploitation Prevention Task Force will sponsor “Safe Banking & Financial Management Tips for Seniors,” a free forum for seniors and caregivers, on Wednesday, June 14, in recognition of World Elder Abuse Awareness Day. The event will take place at Ralston Center, 3615 Chestnut St., from 9 to 11 a.m. It is open to the public and will focus on keeping money and assets safe; making good financial decisions as you age; and identifying and accessing available resources to prevent and report elder financial abuse. For information/registration, call the Alzheimer’s Association’s 24/7 Helpline at 800-272-3900.

Posted By Christine Hoffman

Aging Research & Issues: May 22 – 26, 2017

  • The Adequacy of Income Allowances for Medicaid Home and Community-Based Services.  Richard W. Johnson, Stephan Lindner.    The Urban Institute.  May 10, 2017.   We found that 48 percent of older households with incomes below four times the federal poverty level spend more than their state’s Medicaid HCBS income allowances, and 29 percent spend at least 50 percent more than the allowances, potentially limiting program access and forcing some older adults into nursing homes.
  • Physical Activity, Brain Volume, and Dementia Risk: The Framingham Study.  Zaldy S. Tan; Nicole L. Spartano; Alexa S. Beiser; Charles DeCarli; Sanford H. Auerbach; Ramachandran S. Vasan; Sudha Seshadri.  Journal of Gerontology A – Biological &  Medical Sciences, June 2017, Volume 72, Issue 6, Pages 789-795.  Published online: July 15, 2016.  Low physical activity is associated with a higher risk for dementia in older individuals, suggesting that a reduced risk of dementia and higher brain volumes may be additional health benefits of maintaining physical activity into old age.
Posted By Abbey Porter

Shredding event offered to help Philadelphians guard against identity theft

Philadelphians can help to protect themselves from identity theft by safely and securely destroying confidential documents at “Operation: Stop Scams,” a free shredding event to be held from 10 a.m. to 2 p.m. Saturday, April 29, at Prince Hall Masonic Lodge, 4301 North Broad St.

The elderly are especially vulnerable to financial abuse. (iStock)
Posted By Marcia Siegal

Prevent elder financial abuse

Elder financial exploitation is often called “the crime of the 21st century.” According to the National Protective Services Association (NAPSA), recent studies indicate that one in 20 seniors has experienced financial abuse, but only an estimated one in 44 cases is reported. The American Bankers Association offers tips for seniors and for seniors’ family and friends to protect older adults from financial abuse.

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