Emergency Savings - Lessons, Limits, and Strategies for Financial Resilience

Explore the critical importance of emergency savings and strategies to make them more accessible in this 58-minute panel discussion from The Aspen Institute. Delve into lessons from behavioral economics, applications in government and financial services, and household financial decision-making realities. Learn about innovative tools and approaches to automate and encourage emergency savings, including payroll deductions, tax-time savings, and electronic accounts. Hear insights from experts at SaverLife, Common Cents Lab, Prosperity Now, and BlackRock as they discuss the current state of emergency savings in the U.S., challenges faced during the COVID-19 crisis, and potential solutions for building long-term financial resilience. Gain valuable knowledge on how policymakers, employers, and financial institutions can work together to promote and facilitate emergency savings for a more equitable economic recovery.