The Financial Burdens of the Opioid Epidemic

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As the opioid epidemic worsens across the U.S., the toll it imposes on the economy has risen to staggering heights causing an economic loss of more than $1 trillion, not only posing a threat to the economy but also jeopardizing careers, family finances, retirement plans, and marriages. With the numbers of opioid use disorders, overdoses and deaths surging in recent years, the impact of substance use disorder on divorce is becoming increasingly prevalent, requiring a sophisticated approach in financial planning to address these evolving challenges. The responsibility of protecting clients extends beyond conventional financial services such as insurance, investments, or tax-saving strategies. This presentation will address the intricate relationship between the surging opioid crisis and its profound impact on the clients that we work with every day.

​Learning Objectives

Upon successful completion of this learning activity, you will confidently be able to:​

• Understand what the opioid epidemic is, how we got here and impact to the economy, businesses, and families
• Identify unusual or repetitive financial behavior that could indicate addiction
• What questions to ask and how to have a conversation about addiction and its financial implications
• Provide resources for clients facing financial challenges so they know where to go for help
• Identify fraud or elder financial abuse that may be related to addiction general strategies and case studies to work with clients facing financial challenges

Presenter

Cheryl Canzanella, CLU, ChSNC, CAP, LUTCF

CFP^® CE Credit

This content is eligible for one hour of CFP^® continuing education (CE) credit.

If you hold the CFP^® mark and would like to receive CFP Board CE credit for this content, please ensure your CFP^® ID number is entered here.

The College’s Professional Recertification Program (PRP)

This content is eligible for one hour of PRP continuing education credit.

To begin, click on the button below. As you move through the content, make sure to mark each page complete by clicking on the appropriate button, and then click Next Lesson at the bottom of each page. Once you complete the entire activity, the progress bar will show 100%.

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