Building Economic Support Capacity in Iowa for Seniors
GrantID: 4956
Grant Funding Amount Low: Open
Deadline: Ongoing
Grant Amount High: Open
Summary
Grant Overview
Resource Centers for Senior Economic Independence
Iowa's aging population is increasingly vulnerable to economic insecurity, with a significant portion of seniors facing financial challenges that limit their independence. According to the Iowa Department of Aging, nearly 40% of older adults live below 200% of the federal poverty level, creating a pressing need for economic support services tailored to this group. Without access to financial literacy resources and social services, many seniors struggle to make ends meet, which can lead to increased reliance on state assistance programs.
The most affected individuals are low-income seniors, particularly those living alone or in rural areas of Iowa. These seniors often lack access to vital information regarding benefits, financial planning, and available services, which can exacerbate their economic challenges. Establishing resource centers dedicated to providing tailored support for seniors can significantly alleviate these pressing needs, enabling older adults to achieve greater financial independence.
Funding for the Resource Centers for Senior Economic Independence project is intended to create comprehensive service centers throughout Iowa that offer financial literacy workshops and access to social services aimed at improving economic stability for seniors. These centers will function as holistic support systems, providing the necessary tools, knowledge, and resources for older adults to navigate their economic challenges effectively.
This initiative is essential for the future of Iowa, as it acknowledges the critical link between financial stability and the overall quality of life for seniors. By empowering older adults with financial knowledge and access to resources, Iowa can enhance independence among its aging population, reducing the need for public assistance and enabling seniors to remain active and engaged in their communities. This project can serve as a model for addressing economic challenges and promoting the well-being of seniors in a sustainable manner.
Eligible Regions
Interests
Eligible Requirements