==== Front Innov Aging Innov Aging innovateage Innovation in Aging 2399-5300 Oxford University Press US 10.1093/geroni/igaa057.989 igaa057.989 Abstracts Session 2935 (Poster) Mental and Psychological Health AcademicSubjects/SOC02600 The Impact of Financial Coaching on Health and Finances in Older Scam and ID Theft Victims Lichtenberg Peter Hall LaToya Campbell Rebecca Gross Evan Wayne State University, Detroit, Michigan, United States 2020 16 12 2020 16 12 2020 4 Suppl 1 Program Abstracts from The GSA 2020 Annual Scientific Meeting “Turning 75: Why Age Matters”309 309 © The Author(s) 2020. Published by Oxford University Press on behalf of The Gerontological Society of America.2020This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited.Abstract Population based and clinical samples consistently demonstrate that older financial exploitation (FE) victims are vulnerable across multiple domains. Our earlier research indicated that older scam and identity theft victims were vulnerable across multiple health and mental health dimensions as compared to a control group. The current work is a longitudinal study of 20 financial coaching participants and 20 controls. Program participants received individual financial coaching to help with credit problems, reporting and collections after they were scam or identity theft victims. Both groups received baseline assessment and 6 month followups (from the time of the end of the coaching). The mean age of the sample was 69 years, with a mean of 15 years of education. Seventy percent of the sample were women and African Americans. Control participants had fewer health conditions and better memory and executive functioning at baseline as compared to coaching participants. While there were no significant health measure changes in the control group, the coaching group demonstrated significantly decreased anxiety at follow up and trends for improved executive functioning and IADLs. Further, while financial stress and social support were significantly lower for the coaching group at baseline, at followup there were no group differences in these measures. The study results provide evidence that the financial coaching program has served as a protective factor in negating many of the adverse outcomes associated with FE and supports financial coaching programs as an appropriate intervention. In addition the coaching services saved or returned monies to nearly 65% of participants.