SHRM: Emergency Savings Accounts Funded by Payroll Deductions Boost Financial Wellness

Interest in emergency savings accounts funded by payroll deductions is increasing, say experts. New policy guidance from the Consumer Finance Protection Bureau, secured by Commonwealth, partners in BlackRock's Emergency Savings Initiative, opens the door for employers to automatically enroll workers in deductions that go towards liquid savings. Senior Policy Manager Jason Ewas shared more details in this piece from SHRM.