Bipartisan Policy Center and Center for Social Development. (2025, March). Moving forward from SECURE 2.0: Emergency savings [Fact Sheet]. Bipartisan Policy Center. https://bipartisanpolicy.org/download/?file=/wp-content/uploads/2025/03/Emerging-Saving-Fact-Sheet.pdf
Tag: Emergency Savings
Emergency Savings among Persistently Poor Households: Evidence from a Field Experiment
Abstract Low-income households struggle to accumulate emergency savings, which increases economic vulnerability in the face of unexpected events like expensive car repairs. This vulnerability may be even greater among persistently low-income households, which might benefit most from building emergency savings using tax refunds. This study examined the effects of randomly assigned behavioral interventions that incorporated […]
Saving for a Rainy Day: Making it Easier for Employees to Build Emergency Savings
In this study, we examined Onward, an employer-based mobile app that enables workers to save via payroll deduction and receive financial education and coaching as a means to address financial challenges such as difficulty paying bills on time, managing debt, and accruing savings. An important feature of Onward is that employees can save automatically through […]
Emergency savings are a potential lifeline for households in financial distress due to COVID-19
Many U.S. households have lost a job and/or income due to the COVID-19 pandemic. These types of losses can influence an individual’s level of life satisfaction and thus, their overall health and well-being. One possible strategy to mitigate the impacts of economic volatility for U.S. individuals and households is to build a rainy-day fund. A […]