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COVID-19 and Employers: How to Reduce the Financial Burden on Employees. Watch
the March 26 webinar.


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CREATING SOLUTIONS FOR TODAY’S HEIGHTENED
SAVINGS CRISIS

Explore COVID-19 resources for employers



OUR COVID-19 RESPONSE

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BlackRock’s Emergency Savings Initiative is helping companies and organizations
to immediately identify, shape and test solutions that will create short-term
financial stability for vulnerable workers, customers and communities. As
companies grapple with the long-term effects of the pandemic, the Initiative
will focus on building resiliency so more people will have a safety net in place
for future crises.

 * 73% of Americans report that the pandemic has reduced their income
 * 67% of employees trust their employer to keep them informed during the
   pandemic
 * More than 80% of ESI employer survey respondents said that their company is
   likely to shift to reduced hours or experience a layoff because of COVID-19




LATEST THINKING




HELPING HOURLY WORKERS WEATHER COVID-19

Read More…


BEST PRACTICES: HOW TO CREATE EMERGENCY CASH PROGRAMS

Read More…


HELPING EMPLOYERS NAVIGATE THE FINANCIAL TOLL OF COVID-19 ON THEIR EMPLOYEES

Read More…



Saving and planning for the future can be difficult—if not impossible—for
millions of Americans  who experience income volatility and lack a stable
financial cushion.

To help address this savings crisis, BlackRock has announced a $50 million
philanthropic commitment. Our aim is to fuel innovation that will allow millions
of people living on low- to moderate-incomes to establish a stronger financial
safety net.




ABOUT


A PATH TO GREATER FINANCIAL SECURITY


78% of Americans live paycheck-to-paycheck. ²  The initiative will scale proven
strategies and develop innovative tools that help people create savings.



CATALYZING INNOVATION


Led by their Social Impact team, BlackRock is supporting three mission-driven
industry experts focused on financial innovation: Common Cents Lab,
Commonwealth, and the Financial Health Network.³ Leveraging their knowledge,
networks, deep research and behavioral design capabilities, these organizations
will work to expand the supply of high-quality savings options available to
financially vulnerable Americans.



CROSS-SECTOR COLLABORATION


The industry experts are working with partners from various industries such as
retail, telecommunications, logistics, financial services, and other sectors to
deploy research and behavioral test-and-learns that will create products and
services that make saving easier for each partner’s employees, customers,
students or gig economy workers.


Meet the partners

OUR INDUSTRY EXPERTS

Meet the experts


JOIN US!


Contact Us

[1]: “Report on the Economic Well-Being of U.S. Households in 2017,” Board of
Governors of the Federal Reserve System.
[2]: CareerBuilder Survey, August 2017.
[3]: BlackRock’s support is being made via grants recommended to and paid by the
BlackRock Charitable Fund, a donor-advised fund.

All rights reserved 2024 BlackRock, Inc.

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