City's Division of Aging Hosting Free Financial Workshop | The City of Lakewood, Ohio
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City’s Division of Aging Hosting Free Financial Workshop

March 14, 2016

Senior citizens are often the targets of financial scams, fraud and financial abuse. The city of Lakewood’s Division of Aging is hoping to put an end to that locally by hosting a series of free Senior Financial Workshops, starting on March 22.

Residents will be given some tools to learn how to avoid being taken advantage of by strangers — or someone close to them. The presentation will be led by Michael Floreth, a financial empowerment coach at the Empowering and Strengthening Ohio’s People organization (ESOP), a HUD-approved housing and financial counseling agency.

While likely underreported, elder financial abuse costs older Americans an estimated $2.9 billion per year. Yet, financial exploitation is self-reported at rates higher than emotional, physical, and sexual abuse or neglect.

“If you’re 55 or older, ESOP has specific services geared to helping you make good financial decisions and maintain financial stability as you age; empowering you to age in place with a more secure financial future,” said Toni Gelsomino, the director of the city’s department of human services.

The workshops run from 2 to 3 p.m. on Tuesdays, at the Lawther Center, at 16024 Madison Avenue. To register, call 216-529-5005.

  • Session 1 – March 22, 2016: Recognizing and Avoiding Elder Financial Exploitation Part 1
  • Session 2 – March 29, 2016: Recognizing and Avoiding Elder Financial Exploitation Part 2
  • Session 3 – April 5, 2016: Budgeting and Goal Setting
  • Session 4 – April 12, 2016: Understanding Credit and Debt
  • Session 5 – April 19, 2016: Building Savings and Protecting Assets
  • Session 6 – April 26, 2016: Creating an Action Plan

ESOP is a full service housing and financial counseling agency, aimed at helping people in every stage of life become empowered to take control of their finances, make a plan for financial stability, and afford sustainable homeownership.