Financial Gerontology

Financial Gerontology Grant Titles

April 2016 Webinar for National Adult Protective Services

Grant Details

The Center for Financial Safety and Health: A Critical Ingredient for Protecting Neurocognitive and Emotional Health in Older Adults
Peter Lichtenberg, PI. This is a two-year grant (beginning 3/1/2017) of $334,000 from the Michigan Health Endowment Fund to bring evidence-based financial protection services to Michigan's older adults. Based on the nationally recognized Lifespan Elder Abuse Prevention Program, the center has created Success after Financial Exploitation (SAFE).  SAFE will provide free presentations, educational workshops and one-on-one assistance to protect from financial scams and to recover from identity theft. This project builds on Dr. Lichtenberg's long-running research into financial decision-making and vulnerabilities for exploitation in older adults.

Online Evidence-based Assessments of Financial Decision-Making in Older Adults
Peter Lichtenberg, PI. The Michigan Aging and Adult Services PRVNT program granted $110,000 for the creation of secure desktop and mobile platform websites to detect, assess and prevent financial decision-making problems. This grant continues Dr. Lichtenberg's work with evidence- based assessment instruments for professional em- ployees of Adult Protective Services and the legal and financial sectors to detect vulnerabilities in the financial decision-making process. It expands the program to all Michigan counties.

Integrating Improved Assessments of Financial Judgment
Peter Lichtenberg, PI. A three-year grant of $468,000 from the National Institute of Justice to validate new screening tools to determine the capacity of older adults to make financial decisions 
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Financial Decision Making and Financial Exploitation
Peter Lichtenberg, PI. A $69,000 grant from the Retirement Research Foundation (with a $39,000 match from WSU and the American House Foundation) to test the newly created Lichtenberg Financial Decision-Making Screening and Rating Scales.

Older Adult Needs Assessment
Thomas B. Jankowski, PI. This one-year, $57,000 grant from the Monroe County (Michigan) Commission on Aging will fund a comprehensive community-based senior needs assessment to help the County prepare for and respond to the aging of their population over the coming years. The project will analyze existing demographic, economic, and health information, and conduct focus groups and extensive surveys of key stakeholders in the local aging network, current clients, and older adult community members. The data with be compiled and analyzed to help the Commission on Aging determine how to best meet the needs of their senior residents.
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Impact of the Affordable Care Act on the Use of Preventive Services and Disparities in Use
Wassim Tarraf, PI. An 18-month $69,000 grant from WSU and Henry Ford Health System to look at how implementation of the ACA has affected the use of preventive services and any disparities in usage between racial groups.

Drug Insurance, Medication Adherence and Subsequent Outcomes Among Seniors
Co-PI's: Dr. Gail Jensen Summers (IOG) and Dr. Xiao Xu (University of Michigan)
Funder: Agency for Healthcare Research and Quality of the U.S. Dept. of Health and Human Service, $370,000
A two-year analysis of prescription drug regimens and their effects on health and health care costs. 

Seniors Count!
Dr. Thomas B. Jankowski, PI, in collaboration with Adult Well Being Services of Detroit
A two-year grant of $275,000 to gather, integrate and publish a compilation of the available demographic, economic, health and social data on older adults in Southeast Michigan. An additional research enhancement award of $25,000 was provided by the American House Foundation.

Retrospective Analysis of Pre-Medicare Patients (50-59) with Chronic Diseases to Evaluate the Health and Economic Costs of Medication Non-Adherence
PI: Gail Summers, PhD and Co-PI: Young Li
Funder: Novartis Pharmaceutical Corporation, 2010 - 2012, $124,704
This is a two-year award of $124,704 from Novartis Pharmaceutical Corporation to study the long-term effects on health and finances when patients do not take their prescribed medications. Dr. Summers will first analyze whether persons who have chronic diseases in their 50s -- too young to qualify for Medicare -- take their medications as prescribed. Next she will study what happens to their health and personal finances when they do not take their medications. "Little is know about whether older adults skip doses of medication when their insurance is limited," Dr. Summers said. "My goal is to conduct studies that can inform future government policy and also keep older adults healthy."

Lifespan Investigation of Family, Health and Environment (LIFHE):
A Lifespan Alliance Collaboration between Merrill Palmer Skillman Institute and Institute of Gerontology

The LIFHE Core Administrative Team includes:

Peter Lichtenberg, PhD, Director of IOG/MPSI; John Hannigan, PhD, MPSI, Cathy Lysack, PhD, IOG Deputy Director; Marc Kruman, PhD, Director, Center for the Study of Citizenship & Chair of History, Lisa Ficker, PhD, LIFHE Project Director; Virginia Delaney-Black, MD, Associate Director, Children's Research Center of Michigan; Bonnie Stanton, MD, Chair of Pediatrics; Teri Albrecht, PhD, Karmanos Cancer Institute

The LIFHE team interviewed 501 African Americans age 55 to 97 to understand senior activities, family relationships, attitudes, finances and health. "Our survey was like taking a 'snapshot' of information about people's lives to better understand their challenges and resources," Dr. Ficker, LIFHE project director, said.

In urban areas, an estimated 9% of grandparents co-reside with their grandchildren but little research has been done on the quality of these relationships. Almost 80% of LIFHE interviewees had grandchildren and 77 lived in the same household with a grandchild or great-grandchild.LIFHE's financial results showed 50% of seniors were somewhat satisfied with their income; but 28% were not at all satisfied. Seventy percent reported lower income than before they retired and 45% had reduced money spent on extras (such as clothing or recreation) to make ends meet. A full 54%  live alone and almost 20% care for family members, friends and neighbors.

LIFHE data is available to other researchers investigating the health, finances and social engagement of older African Americans.
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