Takeaways from Emergency Savings Conference plus latest research

It's conference season - and I hope all your travels are going well. For those wrapping up their #openenrollment, congrats! There's light at the end of the tunnel...

Ready? Let's buckle up. . . .

My Linkedin post from Tuesday's all-day workplace emergency savings conference, organized by AARP & U.S. Chamber of Commerce :

Coming to DC for ASPPA Annual Conference? Meet us!

Debt & Savings Webinar Recap

A snapshot from our recent webinar on "A Nation In Debt: How to Deal With Rising Interest Rates And The Return Of Student Loans" with Andy Manthei of GreenPath Financial Wellness and Kevin Bove of HB Retirement!

Thank you to Andy and Kevin for sharing their valuable insights into all things debt management, personal finance, and employer responsibility! Andy will be hiring, so stay tuned for open roles.

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Don't have time to watch the whole webinar??We've got you covered with quick snippets below!

• Financial pulse of American debt; across generations and types of debt
• Financial trends we are seeing in 2023
• Guidance how to tackle medical debt
• Changes workers are making in their financial planning
• Circumstances where debt may get financed via 401(k) loans / early withdrawals
• Saving in a debt-heavy environment?

Watch Debt & Savings Webinar Replay here

ESAs second only to retirement savings

We highly encourage you to read the Employee Benefit Research Institute & Greenwald Research 's 2023 Workplace Wellness Survey report. Sharing some of their points (word for word, all credit to them) here to peak your interest:

• "For the first time in the WWS, workers report that having enough savings for an emergency and paying monthly bills are the financial issues that cause them the most stress."
• "To pay for an unexpected expense of $5,000, nearly half of employees would take the funds from their savings or investments. Three in ten would charge the expense to their credit card (31%) or ask family and friends (31%)."
• "More than half of employees agree that their retirement plan savings are the only significant emergency savings that they have."
• "If given $600 a month to put in any accounts or plan, employees would allocate the most toward their retirement savings account and their emergency savings account."?

Vikas Shoutout to Innovators in Forbes

Big thank you to Vikas Raj , ResilienceVC , and Financial Health Network for their shoutout to us and other great #fintech innovators in Forbes .?

Read Forbes Financial Resilience Innovators Article here

"Sunlight" on Thought Leadership

• New from us, highlighting BlackRock ESI: What We Learned from BlackRock’s Emergency Savings Research - Sunny Day Fund, Oct 2023
• Just released: September 2023 Survey of Consumer Expectations?- The Federal Reserve Bank of New York’s Center for Microeconomic Data, Oct 2023
• Financial Stress Is a Leading Catalyst for Suicide—Here’s How You Can Find Help - Health, Apr 2023
• Bank of America found that women's HSA balances are 15% lower than men's - ?Employee Benefit News, Sept 2023
• Emergency Savings RFP Framework - Sunny Day Fund, May 2023
• Employers to spend more on financial wellness programs despite rising costs?- Pensions & Investments, Oct 2023
• Too Many Low-Income Workers Lack Access to Retirement Plans: EIG - 401k Specialist, Aug 2023
• Tapping your 401(k) early to pay bills? There may be another way.?- Yahoo! Finance, Oct 2023?