Press Releases
MEDIA CONTACT
Jackie Jusko
Cell: 216-374-0945
jjusko@buildcommonwealth.org
Commonwealth works in collaboration with partners and foundations to announce new initiatives, opportunities, impact, and milestones that inform and influence employers, the financial services industry, fintech innovators, policymakers, and beyond. Access our press announcements highlighting our latest research, partnerships, progress, impact, case studies, and more.
The BlackRock Foundation and Commonwealth Research Reveals Majority of Low and Moderate Income Americans Now Invest in Capital Markets
ADP, Best Buy, Self, Truist and Varo Join BlackRock’s Emergency Savings Initiative
With the need for household safety nets underscored by the pandemic, more companies commit to expand access to and embed emergency savings solutions NEW YORK—May 19, 2021—Today, BlackRock announced that ADP, Best Buy, Self, Truist, and Varo have joined their…
Commonwealth to Address Systemic Financial Insecurity for Non-Traditional Workers
Income Volatility, Exacerbated by COVID-19, Remains a Top Issue for Gig Workers BOSTON—Today, national nonprofit Commonwealth (buildcommonwealth.org) announced a new project to address the financial insecurity of the growing non-traditional workforce, who face challenges around income sufficiency and stability. This…
Voya Becomes First Retirement Company to Join BlackRock’s Emergency Savings Initiative to Advance Workplace Emergency Savings
Voya Collaborates with National Nonprofit Commonwealth to Advance Workplace Financial Security through Systemic Change BOSTON – In a major step forward in advancing systemic change in the financial sector, retirement company Voya Financial, one of the leading retirement plan providers…
Commonwealth Board of Directors Announces New Member
Commonwealth has announced the appointment of Dr. Kelli Keough, Head of Digital and Client Solutions for J.P. Morgan Wealth Management to our board of directors. “We are pleased to welcome Dr. Keough to the Board,” said Commonwealth Co-Founder and Executive…
Key Stimulus Tax Credit Provision Provides Vital Financial Relief for Millions of Low-Income Families
BOSTON — National nonprofit Commonwealth has announced the launch of its Tax Time Crisis hub (taxtimecrisis.org) to provide tax preparers and other service providers with critical information about how families can take advantage of new tax rules. Due to a…
Non-Financial Factors Play a Key Role in Reaching Financial Security, New Study Says
Report from Commonwealth Identifies Design Changes in the Financial System that Can Have a Significant Impact on Supporting People in Attaining Financial Security BOSTON – A new study from Commonwealth (buildcommonwealth.org) demonstrates that non-financial factors have a significant effect on…
UPS Launches Emergency Savings Initiative for 90,000 Employees
With a Spotlight on Employee Financial Security, UPS Works with Commonwealth, Partners in BlackRock’s Emergency Savings Initiative, to Design & Implement In-Plan Emergency Savings. BOSTON–Marking a major step forward for employers’ roles in worker financial security, global shipping and logistics…
Employers Now Eligible for Safe Harbor from Federal Barrier to Offering Automatic Emergency Savings
Nonprofit Commonwealth, part of BlackRock’s Emergency Savings Initiative, drives policy guidance to catalyze new Autosave program for financially innovative employers The financial devastation experienced by many families during COVID-19 has highlighted the longstanding lack of emergency savings for American households.…
Commonwealth Collaborates with JPMorgan Chase to Boost Emerging Technology Innovations for Financially Vulnerable Americans
BOSTON–Today, Commonwealth and JPMorgan Chase announced their collaboration to address the challenges and opportunities that emerging technologies present to low- to moderate-income people’s financial lives. As part of the two-year initiative, Commonwealth will conduct research, understand and document the financial…
A Moment of Reckoning: New Data Indicates Americans Believe Institutions Should Help Build Financial Security
More than 80% of Americans Agree That Household Financial Insecurity is a Major Problem. Prior to the economic collapse caused by COVID-19, an overwhelming majority of Americans understood financial insecurity was a major problem that could affect them at any…
The Impact of Coronavirus (COVID-19) on Financial Security: A Message from Executive Director Timothy Flacke
For many of us, the novel coronavirus (COVID-19) has upended our lives this past week—whether it’s our children’s schools closing without warning, our workplaces making major changes or another unexpected disruption, every day seems to offer a new and different…
City of Boston Pilot Program Helps Municipal Employees Build Rainy Day Funds
Innovative Pilot Shows Split Deposits Spark Employee Emergency Saving BOSTON (Friday, February 28, 2020) — Some City of Boston employees are now saving more money for emergencies thanks to a pilot program that is among the first of its kind in…