Thursday, April 16, 2015

Financial Care for seniors




Financial Care for Seniors is a third party daily financial management service for aging Americans. As the elderly population surges, more and more families and loved ones are becoming involved in the day-to-day money management of the seniors in their life, and struggle with how to effectively manage bank accounts and bills while maintaining transparency among all stakeholders, including the senior themselves.  Presumed to be trustworthy, family members don't always create systems to avoid any suspicion of wrong doing. When it happens, it leads to distrust, bad feelings and allegations of abuse and theft.

Adult Protective Services reports that senior citizens have at least $2.9 billion  taken from them annually. The fact is,  the elderly control 70% of the money in the economy. It's no surprise they are being  especially targeted for this financial abuse. Startlingly, 90% of those being exploited are being taken advantage of by family members and trusted others. So, while government agencies spend their public service dollars trying to protect seniors from vendors, contractors, and telemarketers, there's no focus on protecting them from their own families and friends.

Financial Care for Seniors gets bills paid on time, analyzes what the senior is spending, aligns spending with their budget, and preserves privacy and peace-of-mind by not requesting banking passwords. The senior or a designated caregiver authorizes all bill payments and determines which loved ones can view their account and receive notifications. This safe, affordable and convenient service costs less than a typical cable bill.

Financial Care For Seniors