Making Wealth Possible for All
Commonwealth is a national nonprofit building financial security and opportunity for financially vulnerable people through innovation and partnerships.
New Brief
How Best Buy Enabled a $1.5 Million Increase in Employee Emergency Savings
As part of BlackRock’s Emergency Savings Initiative, Best Buy in collaboration with Commonwealth and Wings Credit Union, utilized a multi-strategy engagement campaign to drive participation in their Savings Builder Program, resulting in nearly $1.5 million in increased savings. This brief summarizes a comprehensive review of the initiative.
Featured
Parents and Caregivers Saving for Today and the Future
Through BlackRock’s Emergency Savings Initiative, Commonwealth and the Defined Contribution Institutional Investment Association’s (DCIIA) Retirement Research Center (RRC) researched how employers, recordkeepers, and policymakers can support people earning LMI in building long-term savings for themselves and their children.
Can Tax Incentives Boost Workplace Emergency Savings?
In this report, Commonwealth reviews existing tax credits and incentives to promote participation in employer-sponsored emergency savings benefits and uncovers how these might be applied to emergency savings accounts (ESAs).
Future Digital Finance 2024: How Conversational AI Power Partnerships Lead to Equitable Product Design
At the Future Digital Finance conference held in April 2024 in New Orleans, Commonwealth Senior Vice President Paula Grieco facilitated a fireside chat with Benjamin Maxim, Chief Innovation Officer at MSUFCU and Chief Operating Officer, Reseda Group.
Research & Insights
At Commonwealth, we share our original research and practical solutions—through briefs, research reports, videos, and infographics—to provide you with innovative ideas, practical insights, and the tools you need to act.
Featured Research
Parents and Caregivers Saving for Today and the Future
Through BlackRock’s Emergency Savings Initiative, Commonwealth and the Defined Contribution Institutional Investment Association’s (DCIIA) Retirement Research Center (RRC) researched how employers, recordkeepers, and policymakers can support people earning LMI in building long-term savings for themselves and their children.
Can Tax Incentives Boost Workplace Emergency Savings?
In this report, Commonwealth reviews existing tax credits and incentives to promote participation in employer-sponsored emergency savings benefits and uncovers how these might be applied to emergency savings accounts (ESAs).
Employee Perspectives on SECURE 2.0
As part of BlackRock’s Emergency Savings Initiative, Commonwealth addresses the implications and opportunities of the recent SECURE 2.0 Act of 2022 to support workers’ emergency expense needs. This brief summarizes the key findings and insights from that research.
Events & News
Our speakers’ programs and media placements provide an opportunity to discover new data, receive expert insights, and strategize for organizational success. Join us in conversation as we work towards a more equitable and prosperous financial future for all people living in the United States.
recent news & upcoming events
Conversational AI Power Partners: How Partnerships Lead to Equitable Product Design
Commonwealth Senior Vice President Paula Grieco will engage in a discussion with Benjamin Maxim, Chief Digital Strategy and Innovations Officer at MSUFCU, about the significance of integrating inclusivity into fintech product design to create tangible, wealth-building opportunities for individuals with low and moderate incomes.
Feeling the Heat: Climate Change’s Impact on Worker Financial Security
Join us for our upcoming webinar, Feeling the Heat: Climate Change’s Impact on Worker Financial Security, to better understand the impact of extreme and unusual weather on workers living on low and moderate incomes – and, in particular, the impact on their financial situations.
Our Partners and Supporters
To advance innovation and systemic change, we collaborate with employers, financial services firms, fintechs, foundations, policymakers, retirement recordkeepers, payroll platforms, and workplace solutions providers. Financially vulnerable people living in the United States face complex challenges, and together with our partners, we make financial security possible for millions of people.