Saving for Now and Saving for Later: Rainy Day Savings Accounts to Boost Low-Wage Workers' Financial Security
Author: David Newville, J. Mark Iwry, Joanna Ain
Topic: Asset building and saving, Service system integration
Publisher: Prosperity Now (formerly CFED)
Location: United States
Format: Report
Content Type: Research
Publication Date: June 1, 2018

This report discusses the vulnerability of millions of people in the US who lack adequate emergency savings. A workplace-based solution—rainy day savings accounts— can potentially help workers with low savings weather financial shocks.

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Related Tags
Asset buildingEmergency savingsFinancial inclusionFinancial planningFinancial shockFinancial well-beingIncome volatilitySafe financial productsSystems changeUnited States