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.
NextBillion: The Case for Stakeholder Dividends: Why It’s Time for the Financial Sector to Put Its Money Where Its Mouth Is
Commonwealth Cofounder and Chair Peter Tufano, Dean of Saïd Business School at the University of Oxford, and Commonwealth Cofounder and Executive Director Timothy Flacke shared their perspective on shareholder dividends during COVID-19 with Next Billion. “In this downturn, banks have…
Yahoo Finance: 81% see financial insecurity as a major issue: Survey
Commonwealth Timothy Flacke was interviewed on Yahoo Finance along with Funding Our Future, discussing our new data about how Americans view the role of employers, financial institutions, and the government in helping to build household financial security.
Benefits Pro: A return to pre-COVID-19 financial status not good enough: report
Benefits Pro reports on Commonwealth's new study, Perceptions of Financial Insecurity in America, and what it means for financial recovery from the COVID pandemic.
Bloomberg Law: Employee Auto-Savings Account Trial Disclosures Approved by CFPB
The Consumer Financial Protection Bureau (CFPB) recently announced approval for Commonwealth's work on financial disclosure language that companies can use to create automatic emergency savings accounts for low- and moderate-income employees, as reported in Bloomberg Law.
PlanSponsor: No Massive Pullback From Retirement Savings Seen Yet
Research from Commonwealth and Commonwealth and the Defined Contribution Institutional Investment Association (DCIIA) Retirement Research Center finds few retirement savers have lowered savings rates or withdrawn money; however, those with lower incomes and in certain industries may be disproportionately affected.
Authority Magazine: Timothy Flacke of Commonwealth: How We Plan To Rebuild In The Post COVID Economy
In a recent profile from Authority Magazine, Commonwealth Executive Director Timothy Flacke talks about the early days of Commonwealth (then D2D Fund), the financial impact of the COVID-19 pandemic, and the work we're doing to build financial security for all.
Investment News: 401(k)s add COVID-19 cash-outs, few workers take them
As plan sponsors offer retirement plan cash-out options following the CARES Act, take-up rates are low – but Commonwealth and DCIIA have found a connection between having low savings and the likelihood of taking COVID-19 401(k) distributions.
New York Times: Your Brother (or Sister or Mother) Is Asking for Money. Now What?
Our ongoing research on the financial effects of COVID-19 demonstrated that people were increasingly borrowing from family and friends as their financial pictures worsened during the pandemic. “What's unique about this financial crisis is its cause–a virus beyond any individual's…
Wall Street Journal: Should You Tap Retirement Funds in a Crisis? Increasingly, People Say Yes.
The CARES Act has loosened the rules around borrowing from retirement as a response to the financial impact of COVID-19. In a Wall Street Journal article, Commonwealth Executive Director Timothy Flacke weighs in on this strategy, which leads to concerns about…
Benefits Pro: 7 takeaways on offering emergency savings programs in post-COVID-19 America
Commonwealth's Timothy Flacke joined Defined Contribution Institutional Investment Association (DCIIA) to discuss the importance of liquid savings as a buffer, and how we can leverage current infrastructure to help people save. An article in Benefits Pro features 7 key takeaways.
PlanSponsor: Emergency Savings Post-COVID Will Be Viewed Differently
Commonwealth Executive Director Timothy Flacke joined Defined Contribution Institutional Investment Association (DCIIA) for a webinar to discuss how emergency savings will be transformed post-pandemic and the realization that American's financial well-being was not as strong as it appeared.
Fast Company: What happens when you give gig workers emergency cash?
A study by Commonwealth and The Workers Lab has valuable insights around emergency cash programs and their potential as we consider the financial recovery from COVID-19. Read more on the findings and how they might be applied to cash assistance…