Emergency savings features that work for employees earning low to moderate incomes
Author: Commonwealth
Topic: Financial well-being
Location: United States
Format: Report
Content Type: Research
Publication Date: August 17, 2022

Workers earning low to moderate incomes (LMI) continue to face challenges in financial security. The COVID-19 pandemic exacerbated the financial situation of many workers earning LMI. Along with the current macroeconomic environment, it has become even more challenging to build liquid savings for unexpected expenses. In this brief, we will share insights from our latest research with DCIIA Research Retirement Center on how employers and service providers can build and offer emergency savings solutions that are inclusively designed for workers earning LMI.

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