Blog
Access Commonwealth’s latest thinking, new ideas, and practical insights from our team of innovators, researchers, and business experts.
Designing Financial Solutions for Elder Caregivers
Actionable Insights for Systemic Change
Disruption creates opportunities to learn about the faults in systems and the resiliency of individuals. The COVID-19 pandemic has led to extraordinary disruptions in people’s lives, including their financial lives; disproportionately so for lower-income people of color and women. The…
A Statement of Solidarity from Commonwealth
It’s now been two weeks since the horrifying video came to light of George Floyd slowly dying under the knee of a white Minneapolis police officer – on the heels of Ahmaud Arbery, Breonna Taylor, and so many other Black…
Solving Financial Vulnerability in the US
Due to the economic fallout of COVID-19, an unprecedented number of Americans are financially struggling with just over 36 million people in the US having filed an unemployment claim as of this post’s publication. While this cataclysmic disruption is both…
Online Banking
Social distancing and stay-at-home guidelines issued to stop the spread of COVID-19 are requiring us to move many aspects of our lives online, including our financial lives. The economic fallout of these orders has also led to millions of Americans…
What the Workers Strength Fund Can Tell Us About Emergency Cash During COVID-19
In the last several months, millions of Americans have directly experienced the financial impact of the COVID-19 pandemic and many have found themselves without a savings cushion to fall back on. The pandemic has amplified the widespread financial insecurity and…
How Is Financial Services Addressing the Savings Crisis During COVID-19?
Now more than ever, people and companies are turning towards savings to help them manage the impact of COVID-19. What’s missing is a lack of low- or no-minimum balance savings accounts that allow Americans to build, use, and rebuild their…
Worker Financial Security
COVID-19 and the ensuing financial crisis represent an unprecedented challenge for the U.S. economy. With record numbers of unemployment claims and historic market point drops, even the most seasoned investors may feel at a loss. However, investors can continue to…
Guiding Your Employees Through Stimulus Payments and Savings
Last month, Congress passed and the President signed into law the CARES Act, bringing much-needed relief to millions of people. One of the most discussed and important components of the CARES Act are the economic impact payments (EIPs)–commonly known as…
The CARES Act
The CARES Act facilitates immediate access to retirement funds. While necessary during these unprecedented times, it also highlights the fact that millions of Americans depend on their retirement savings for emergency expenses. The decision to tap into retirement savings–at any…
A Nudge to Save
Last week, millions of Americans began receiving one-time $1,200 economic impact payments (EIPs) as a provision of the CARES Act, the coronavirus relief bill passed in March. For the millions of Americans filing for unemployment, and the 31% who were…