Making Wealth Possible for All
Commonwealth is a national nonprofit building financial security and opportunity for financially vulnerable people through innovation and partnerships.
Culminating Research
Catalyzing Financial Resilience
As part of BlackRock’s Emergency Savings Initiative (ESI) and in collaboration with Commonwealth, a large national healthcare company designed a workplace emergency savings program for over 50,000 employees.
Featured
How Starlight is Using AI to Improve Public Benefits Access
This case study provides a more complete overview of the importance of public benefits as an avenue for improving financial health for households living on LMI and the opportunity for AI to facilitate access to these benefits.
Catalyzing Financial Resilience
As part of BlackRock’s Emergency Savings Initiative (ESI) and in collaboration with Commonwealth, a large national healthcare company designed a workplace emergency savings program for over 50,000 employees.
Saving for College AND Emergencies? Pilot Program Shows It’s Possible
Postsecondary education remains one of the most important pathways to wealth building, but it remains out of reach for many, especially those with low and moderate incomes (LMI). Over the last two decades, the inflation-adjusted cost of attending in-state public universities has risen by 56%.
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
Building 529 Engagement through Integrated Emergency and Educational Savings
With the Pennsylvania Treasury Department and Flourish FI, we designed a “Savings Pocket Pilot” to see how families might to save and engage with 529 plans if they could simultaneously save and access funds for emergencies without penalty.
Chatbots Can Be a Tool for Improving Financial Well-Being
The design of new financial technologies often focus on people with greater resources, overlooking the needs of households living on low and moderate incomes (LMI)—deepening inequity and limiting access to the next generation of financial tools and services.
Chatbot or Human? Research Shows Preference is Based on Task
The financial industry is increasingly adopting new technologies such as chatbots powered by generative AI. However, their design often prioritizes the needs of consumers with higher incomes over those of households living on low and moderate incomes (LMI)—deepening inequality and limiting the potential of these new technologies to support financial security for all.
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
Meeting the Needs of a Diverse Workforce
As part of BlackRock’s Emergency Savings Initiative (ESI), Commonwealth and the Fresh Market partnered to improve emergency savings among the company’s workforce of 10,000.
One Way to Help Employees Build Emergency Savings
In this article from Harvard Business Review, Commonwealth’s Tim Flacke and Board Chair Peter Tufano detail how intentional cooperation between two organizations — BlackRock and Commonwealth — created the conditions for the nation’s largest payroll processor, multiple U.S. employers, retirement record keepers, and others to work together to help address systemic U.S. household financial insecurity through workplace-based savings plans.
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.
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.
