Browsing Tag
Emergency Savings
83 posts
Emergency savings are funds set aside to cover unexpected expenses or financial hardships, such as medical bills, car repairs, or job loss. This money acts as a safety net, helping you avoid debt and maintain financial stability during unforeseen events.
Nearly Half Say Pandemic Has Eroded Ability to Save for Retirement
Close to half of American workers say the COVID-19 outbreak has had a negative impact on their ability…
These 3 Takeaways from the BlackRock Savings Summit are Driving the Future of Retirement
The events of 2020 have exposed pre-existing fault lines in the U.S. savings system, from emergency savings to longer-term goals like saving for retirement. Article provided by BlackRock
Millennials Face Bigger Retirement Saving Challenges Due to Pandemic
Millennials have not fared particularly well financially during the global pandemic according to a new survey released this…
Employer Interest in Providing Emergency Savings Accounts Rises with Pandemic
The COVID-19 pandemic has thrown a spotlight on a problem that already existed, and one 401k advisors are…
Pandemic Turning More Americans Into Savers
New Voya consumer survey shows the COVID-19 pandemic and its resulting economic turmoil has turned more Americans into savers.
Why Low-to-Moderate Income Plan Participants are Bearing Brunt of the Recession
The COVID-19 pandemic is having a lasting negative financial impact on many low- to moderate-income (LMI) defined contribution…
Employers Increasingly Eye Innovative DC Plan Features
nnovative DC plan features help boost retirement savings, enhance financial wellbeing, and support employees with long-term security.
Lack of Emergency Savings Means Retirement Account Leakage During COVID-19
Retirement plan “leakage” is rearing its ugly head again thanks to hardships brought on by the trainwreck of…
How Employers Can Ease Escalating Employee Financial Stress
Lots of people are experiencing financial stress these days as a results of the COVID-19 crisis, but an…
Pandemic Prompts Americans to Sharpen Financial Focus
One in 10 people have dipped into their retirement accounts and one in 20 have postponed retirement in…