Emergency Savings: The Next Workplace Benefit

Commonwealth Executive Director Timothy Flacke talked with Investment News about some of the ways employers and retirement recordkeepers can enable people to build emergency savings as the COVID19 pandemic increases financial challenges for everyone. “There is a lot of evidence to suggest that simply educating people doesn’t result in different action or behavior,” he said. “Putting quality emergency savings opportunities in front of people, in addition to financial education, is an obvious move.”