emergency savings

This blog is first in a new series on ‘Savings and the Economy’. The series provides data-driven insights on the implications of economic instability for household savings and discussions on policies that enable financial wellbeing.

As the Financial Security Trend Survey shows, the important role of policy – both public and private – are key components to improving financial health.

A growing number of employers, including AARP, are offering benefits that help their employees save for emergencies.

Financial access gaps persist, and demonstrate how much work remains to ensure that all financial products are fair, equitable, and affordable.

Emergency savings accounts are more than just a good idea. They can help protect households against financial hardship today and enable greater retirement security in the future.

When I tell people I work for AARP, one of the first things they do is talk to me about their retirement plans, and often in terms of when they retire. More and more, however, I’m hearing about the kinds of plans they have if they retire .

Two hundred twenty-eight years.

Automatic enrollment for retirement saving is both effective and popular among all income, gender and ethnic groups. It has increased participation, helped people to both start saving earlier and to make appropriate investment choices.This mechanism would be even more useful, especially for younger…