In the Media
MEDIA CONTACT
Jackie Jusko
Cell: 216-374-0945
jjusko@buildcommonwealth.org
To drive maximum progress on making wealth possible for all, Commonwealth complements our innovation and partnerships by shaping relevant public and private conversations in the media. Amplifying our work in national, mainstream, and trade outlets is critical to informing and inspiring business, fintech, and policy leaders to act, and ultimately to achieving our vision of systemic change. Browse our latest articles here.
Despite Challenging Year, CRDs and Plan Leakage Were Sparse
While research is demonstrating low uptake of CARES Act 401(k) loans and emergency withdrawals, our data, collected in collaboration with DCIIA Retirement Research Center, indicates that emergency savings plays a critical role in whether people take those withdrawals. “The pandemic…
401K Specialist: Why Low to Moderate Income Plan Participants are Bearing the Brunt of the Recession
Research from Commonwealth and DCIIA Retirement Research Center indicates that the pandemic is having a lasting impact on LMI defined contribution participants.
Boston Business Journal Op-Ed: In Disruption, an Opportunity for Economic Equality
COVID-19 has been tremendously disruptive, but for Boston's fintech ecosystem, this disruption provides an opportunity to advance economic equality. Read more in this op ed from Commonwealth Executive Director Timothy Flacke and MassChallenge Fintech Managing Director Devon Sherman.
Newsy: Employers Help Workers Save for a Rainy Day
Commonwealth's Nick Maynard joined Newsy's Austin Kim to discuss employers' increasing interest in offering emergency savings plans to workers, and the social and business value that enabling emergency savings provides. Video via Newsy (www.newsy.com)
Corporate America and the U.S. Savings Crisis
Commonwealth joined Silicon Valley Directors’ Exchange to discuss what a K-shaped recovery means for corporate competitiveness, and why worker financial security is so important right now. Learn more about the data around this issue and two immediate opportunities for firms to act.…
More Workers Get Help in Building Rainy Day Savings
Workers struggling to build a rainy day fund are increasingly likely to see help from employers. Commonwealth Co-Founder & Executive Director shared insights on the trends Commonwealth has seen in workplace savings programs, including our work with BlackRock’s Emergency Savings Initiative…
Lend Academy: Podcast 270: Tim Flacke of Commonwealth
Commonwealth Co-Founder & Executive Director Timothy Flacke joined Peter Renton on the Lend Academy Podcast to discuss the impact of emergency savings on helping financially vulnerable people build security and, eventually, wealth.
CBS News: More companies pushing employees to build a rainy day fund
Commonwealth's Timothy Flacke weighs in on the importance of emergency savings in this piece covering a new emergency savings program from UPS that reaches 90,000 employees. Commonwealth closely collaborated with UPS on this program; both organizations are partners in BlackRock's…
American Banker: A Biden Win Could Boost Long Standing Efforts to Help the Unbanked
Commonwealth Co-Founder and Executive Director Timothy Flacke joined other thought leaders to weigh in on the potential ramifications of a Biden win on low- and moderate-income bank consumers.
Wall Street Journal: UPS to Offer Employees a Way to Save for Emergencies
The Wall Street Journal breaks the news of UPS’s groundbreaking plan to offer nearly 100,000 of its employees a way to save for emergencies within the company’s 401(k) retirement plan, “becoming one of the largest U.S. employers to join a…
Marketplace: More Companies Are Starting Emergency Savings Programs for Employees
Employers are beginning to act to enable worker financial security, reports Marketplace. They share UPS's new emergency savings initiative, which allows 90,000 non-union US employees to automatically deposit a portion of their paycheck into a rainy day fund. Commonwealth, a…
Benefits Pro: Short-term savings crucial for employee retirement security
October is National Retirement Security Month. Commonwealth SVP Nick Maynard is sharing insights on the importance of short-term financial security for long-term retirement savings strategies with BenefitsPro.