JOURNAL ARTICLE

One Way to Help Employees Build Emergency Savings.

  • Published In: Harvard Business Review Digital Articles, 2024. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Flacke, Timothy; Tufano, Peter 3 of 3

Abstract

This article discusses a partnership between asset management firm BlackRock and non-profit organization Commonwealth to address financial insecurity in the United States. The focus of their collaboration is on creating workplace-based emergency savings programs, rather than traditional retirement savings programs. By leveraging partnerships, policy actions, research and innovation, and strategic communications, the initiative has helped over 10 million workers save $2 billion in emergency funds. The article emphasizes the importance of collaboration and infrastructure in addressing systemic challenges and highlights the potential for businesses to make a positive impact on social issues. [Extracted from the article]

Additional Information

  • Source:Harvard Business Review Digital Articles. 2024/05, p1
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2024
  • Accession Number:177662531
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