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
Benefits for the Future: Reimagining Workplace Benefits
Commonwealth and JPMorganChase Announce New Initiative That Strengthens Workers’ Financial Security Through Innovative Workplace Solutions The workplace is a major component of an employee’s financial security, especially for those earning a low to moderate income (LMI). Significant research exists, including…
Workplace Emergency Savings Policy
The passage of two emergency savings provisions as part of the SECURE 2.0 Act of 2022 underscores Congress’s clear recognition of emergency savings’ critical role in enhancing retirement security and overall financial well-being. As of January 1, 2024, these provisions—optional…
Inclusive Investing Partner Spotlight: Stash
Introduction Recent developments in the retail investing space, including the widespread adoption of commission-free trading and better UI on mobile and desktop platforms, have made it easier than ever to become an investor. Despite increased accessibility, significant gaps remain between…
Inclusive Investing Partner Spotlight: Ellevest
Introduction Recent developments in the retail investing space, including the widespread adoption of commission-free trading and better UI on mobile and desktop platforms, have made it easier than ever to become an investor. Despite increased accessibility, significant gaps remain between…
Inclusive Investing Partner Spotlight: Public
Introduction Recent developments in the retail investing space, including the widespread adoption of commission-free trading and better UI on mobile and desktop platforms, have made it easier than ever to become an investor. Despite increased accessibility, significant gaps remain between…
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…
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. Commonwealth’s Emerging…
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…
Rethinking Tax Incentives as Pathways to Workplace Emergency Savings
For generations, America has deployed the tax code to encourage workplace savings—tax-advantaged retirement plans and health savings accounts, for example. In “Can Tax Incentives Boost Workplace Emergency Savings?”, we explore how we might use a similar approach to support savings…
Future Digital Finance 2024
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. They discussed how…