Emergency Savings – Are we Re-Learning Lessons or Have we Reached its Limits?
While emergency savings offer a financial lifeline for households to cope with the unexpected, 28% of U.S. adults had no emergency savings going into the COVID-19 crisis. To help families recover from crises — and to build long-term resilience for future ones – policymakers, employers, and financial services institutions need to implement tools that make emergency savings accessible and automatic. Join us as we discuss lessons from behavioral economics, applications in government and financial services, and the realities of financial decision-making at the household level. This digital event is the eighth in a series that will explore why addressing key household financial challenges is needed to make an equitable economic recovery. To view all of the events in our series, visit www.aspeninstitute.org/events/conversations-in-financial-security.
Time: 1:00 PM – 2:00 PM EDT
Date: Wednesday, June 10, 2020