How do non-traditional workers handle emergency savings? A new report from BlackRock’s Emergency Savings Initiative and Commonwealth looked at Etsy sellers’ financial needs.
By: Commonwealth Read the Report
Category | Blog
Watch the June 2 webinar with industry experts from BlacRock’s Emergency Savings Initiative discuss the recent uptick in savings behavior and how financial institutions and employers can support it.
Many Americans have had to dip into their emergency savings and skip bills in order to make ends meet since the COVID-19 outbreak, according to May 2020 survey results.
With many weekly and monthly expenditures for households temporarily on pause or shifting to basic needs, the new question is: How does this trend impact overall savings for households?
The case illustrates that lawyers can help businesses navigate the legal and regulatory considerations of offering emergency savings benefits.
The Fed’s rule change on access to savings accounts allows more liquidity and ability to draw from savings as needed--the very purpose of liquid savings.
How can your financial institution help customers save better? Encourage accounts that have no fees or penalties and show-off your savings products. Here’s what works according to research.