Staying at Home: The Role of Financial Services in Promoting Aging in Community

Karen Kali and Robert Zdenek

No 2016-5, Community Development Working Paper from Federal Reserve Bank of San Francisco

Abstract: Older adults are indicating a desire to live and grow old in their own homes and communities. Yet there are often numerous barriers and threats to aging in community, as many communities lack a comprehensive community model. With a focus on financial institutions and utilizing the concept of Age-Friendly Banking, this paper explores the economic security of older adults and ways to improve older adults? ability to live safely in their own homes and communities as long as possible. Investing in age-friendly communities can prove beneficial to both communities for all ages and financial institutions serving local customers. These mutual investments can include access to loans for home repairs, nearby location of health care facilities, improved safety features within the community, and more. Through Age-Friendly Banking practices and an understanding of the core elements of Aging in Community, financial institutions can play a large role in expanding successful Aging in Community efforts.

Pages: 19 pages
Date: 2016-08-01
New Economics Papers: this item is included in nep-age and nep-ure
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.frbsf.org/community-development/wp-con ... g-aging-in-place.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedfcw:2016-05

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Community Development Working Paper from Federal Reserve Bank of San Francisco Contact information at EDIRC.
Bibliographic data for series maintained by Federal Reserve Bank of San Francisco Research Library ().