Re-Imagining Workplace Banking
Financial institutions across the country are grappling with a familiar challenge: how to grow deposits, deepen customer relationships, and reach new households in an increasingly competitive market. For many banks, the workplace represents one of the most promising, yet still…
The Real Perk
Starbucks Joins BlackRock’s Emergency Savings Initiative to Further Support Employees’ Financial Wellness As both the need for and benefits of expanding emergency savings to workers becomes ever clearer, more employers offer workplace financial wellness benefits. Starbucks Corporation (SBUX) has partnered…
Breaking the Savings Paradox
Key takeaways from the Commonwealth sponsored webinar on June 10, 2025, as part of BlackRock’s Emergency Savings Initiative, “The 4-1-1(k): A SECURE 2.0 Provision’s ‘Grand’ Impact on Emergency and Retirement Savings” with Tom Armstrong from Voya Financial 1; Kathleen Kelly…
Advancing Climate Resilience and Economic Security in the Current Context
The connection between climate resilience and financial security is increasingly evident. In 2024, there were 27 billion-dollar weather/climate disasters in the U.S. Each of these events has rippling effects on households. Extreme weather places additional financial burdens on low- and…
Rethinking Retirement
How often have you heard someone say they’re not saving for retirement because they can’t afford to risk locking up their money for the long term? What if they had more financial flexibility when the unexpected arises? A provision within…
Financial Institutions: Banks and Financial Services Firms’ Role in Addressing Weather Impacts on Worker Financial Security
Four in ten workers who say financial institutions should provide aid report wanting waived fees and loan extensions in an emergency. In the first few months of 2025, the U.S. experienced devastating wildfires, flooding, and tornadoes leading to billions of…
Employers can improve financial security by offering emergency savings
You are demonstrating support for the entirety of your workforce by recognizing their individual financial circumstances and offering benefits that address them. As a new year approaches and employers consider additional ways to improve their culture and address ongoing issues…
Workplace Benefits: Employers’ Role in Mitigating the Financial Impacts of Climate Change on Worker Financial Security
Eighty-three percent of workers report wanting an expanded employer response to mitigate the financial impacts of climate change on U.S. workers. With relief efforts for Hurricane Helene dominating the news this fall, there was a renewed focus on the role…
Beyond Email
Thinking creatively to reach a diverse workforce with non-wired workers As part of BlackRock’s Emergency Savings Initiative (ESI), GXO and Commonwealth have partnered to support employee financial security by providing access to a high-quality emergency savings benefit and promoting emergency…
Financial Security First
Employers are increasingly focused on strengthening the financial well-being of their workforce. While retirement remains a critical benefit, it is often unattainable for many low-and moderate-income workers, in part due to other pressing financial needs. One viable solution to this…