Understanding Aging and Financial Literacy

Understanding Aging and Financial Literacy
$19.00 each

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: Personnel | Human Resources
  • Author/Speaker: Michael Morgan Jr

Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:None
Course ID:MMJR-102.23-SA
Published Date:Registered for 2023

This course supports professional practice in financial services in three vital ways. First, it helps participants better understand how changes in aging demographics will have macro and microeconomic consequences. It will also help participants develop their knowledge of how aging impacts their older clients abilities to engage with their financial planning and specific steps they can take to support older clients. Finally, it will explore the concept of numeracy, how it underlies all financial decision-making, and how numeracy interacts with aging.

Topics include:
  • The Aging Population
  • A New Outlook on Retirement
  • Age-related Changes in Cognition
  • Numeracy and Financial Literacy
  • Informed Financial Decision-Making
  • Critical Thinking Application

Learning Objectives:

After reading the course material, you will be able to:

  • Describe the general trends in the demographics of aging
  • Critically examine the relationship between demographic changes, global economics, and personal finance
  • Identify 2-3 ways normal aging influences late-life financial planning
  • Define and assess client numeracy
  • Engage in the teach-back method to support the clients informed financial decision-making

Who Should Attend:

This course is designed for financial and accounting professionals who desire to better understand and assist their older clients. Given the changes in demographics a measure of competency in working with older clients is an ethical practice consideration.

  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships: