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Board of Governors of the Federal Reserve System
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Insights into the Financial Experiences of Older Adults: A Forum Briefing Paper

Preface


This survey and report were prepared by the Federal Reserve Board's Division of Consumer and Community Affairs (DCCA).

DCCA strives to ensure that the voices and concerns of consumers and communities are represented at the Federal Reserve. This includes conducting research on financial services policies and practices and their implications for consumer financial stability, community development, and neighborhood stabilization. For more information about DCCA, visit the Federal Reserve Board's website at www.federalreserve.gov.

The survey and report were prepared by staff of the Policy Analysis Section of DCCA: Angelyque Campbell, Alejandra Lopez-Fernandini, Daniel Gorin, Barbara Lipman, and Brian Tabit. Extensive comments, feedback and technical assistance were provided by the following staff from the Consumer Research Section of DCCA: David Buchholz, Allen Fishbein, Matthew Gross, Ellen Merry, Alexandra Rock, and Maximilian Schmeiser. Support and guidance from Federal Reserve Board staff members Anna Alvarez Boyd, Carly Brewster, John Driscoll, Joseph Firschein, Joanne Hsu, Nancy Riley, and Susan Stawick are gratefully acknowledged. DCCA also would like to extend sincere appreciation to the organizations that provided insights on financial issues affecting older adults: Administration on Aging, Alliance for Aging Research, American Association of Retired Persons, Consumer Financial Protection Bureau, Financial Industry Regulatory Authority, Leading Age, MetLife Mature Market Institute, National Association of Home Builders, National Community Reinvestment Coalition, National Council on Aging, National Reverse Mortgage Lenders Association, Social Security Administration, and Urban Institute.

Mention or display of a trademark, proprietary product, or firm in this report does not constitute an endorsement or criticism by the Federal Reserve System and does not imply approval to the exclusion of other suitable products or firms.

Last update: July 30, 2013

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