About Older Adult Nest Egg


Forty-eight million US adults are 65 or older and worth billions of dollars in income and assets.The pursuit of these “nest eggs” is one of the fastest growing consumer fraud issues today. Older Adult Nest Egg seeks to protect these adults from financial fraud through education, research and risk assessments. Our validated tools and trainings allow professionals who work with older adults to access and document their client's decisional ability to make specific financial decisions.

Older Adults

Older adults make up 15% of the US, performing millions of financial transactions involving hundreds of millions of dollars each day.The risks to their money are high: One in 20 feel they have been financially mistreated in the recent past. While scams and fraud skyrocket, we must also take care to protect the rights of the capable. Our interview tools help professionals determine their client's ability to make a financial decision, and either continue the transaction with confidence or postpone for more information.

Frontline Professionals, Caregivers, Family and Friends

You work with older adults making financial decisions. You are an attorney, a banker, an estate planner, a social worker, an insurance agent, a law enforcement official, or an employee of Adult Protective Services. You might be an adult son or daughter charged with handling your parent's checking account. Or you're the neighbor who looks in on 84-year-old Marion and helps her pay her bills. Older Adult Nest Egg offers education, training, assessments and resources to help you help the older adults in your care.

The Older Adult Nest Egg Team

Dr. Peter Lichtenberg, one of the country's leading experts in the prevention of financial exploitation in older adults, leads our multidisciplinary team. Our social worker, financial expert, and clinical psychologist interview clients and analyze data as Dr. Lichtenberg's interview tools are launched coast-to-coast. Team members also provide one-on-one counseling in southeast Michigan to victims of scams and identity theft, as well as workshops to educate older adults and caregivers.

Contact Us

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Institute of Gerontology
At Wayne State University

87 East Ferry St.,
Pauline Knapp Building
Detroit, MI 48202

(313) 664-2600