BlackRock Helps Build Over $2 Billion in Savings for Everyday Americans through Philanthropic Emergency S
Benzinga - BlackRock's Emergency Savings Initiative creates custom solutions for employers and financial services institutions of all sizes to make access to savings easier for over 10 million Americans, addressing a critical gap in the US savings system
- Over the past four years, BlackRock has provided $30 million in philanthropic support to financial health non-profits to help build emergency savings initiatives, resulting in over $2 billion in savings for everyday Americans
Today, BlackRock's Emergency Savings Initiative announced that, through partnerships fueled by $30 million in philanthropic capital, the program has helped build over $2 billion dollars in net new savings for the program's participants and made breakthrough short-term savings solutions possible for over 10 million Americans who participate in programs conducted by BlackRock's non-profit partners.
Research shows that when people have the right tools and opportunities, they are better able to set aside money for the future. BlackRock's Social Impact team and nonprofit organizations Common Cents Lab, Commonwealth, and the Financial Health Network partnered with over 40 employers and financial institutions including ADP, AutoNation, Best Buy, Levi's, MasterCard, and Voya Financial, among others to build custom and flexible solutions to help millions access savings at an unprecedented scale.
