By Chloe Elmer
When a family member falls ill or is incapable of managing his or her own finances, adult children and caregivers may feel overwhelmed taking over. This is where Building Bridges to Wealth hopes to step in.
The community program, organized by the University of Pennsylvania’s Wharton School of Business and Professor Keith Weigelt, holds financial literacy classes around Philadelphia for both school-aged children and adults. Recently, however, it partnered with the Penn Memory Center to develop a class specifically tailored to the needs of caregivers.
The new program would inform the elderly and their caregivers about protecting wealth, making investments, seeing returns, managing credit scores, and reducing debt when taking over a loved-one’s finances. Weigelt is also open to suggestions for additional topics. Pilot programs for seniors have been underway at St. Charles Senior Center and the West Philadelphia Senior Community Center, and pilot classes for caregivers will begin this summer at the Penn Memory Center.
Questions? Contact Tigist Hailu at 215-573-6095 or tigist.hailu@uphs.upenn.edu.
