Emergency savings accounts are an emerging solution in developing employee financial support mechanisms. While traditional employee relief grants provide immediate aid in unforeseen personal hardship, they may not fully address employees’ long-term financial needs and stresses. Emergency savings accounts, in contrast, offer a sustainable approach that allows employees to build and manage their own financial safety net.
Opinion
5 Big Takeaways from Workplace Emergency Savings in 2023
Happy New Year! Hope your holidays were filled with joy. My wife and I enjoyed our first Christmas with our 2-month-old daughter, who has recently begun smiling with the cutest dimple. Nothing quite like those rewards – and as you know at Sunny Day Fund, we love rewards! In this post and letter, we will […]
Why Labor’s Evolution is Good for Us All
In the midst of all things AI, I find myself reflecting on another transformation that seems to be getting shortchanged – a new type of labor movement. And so, with Labor Day around the corner, I am borrowing Sunny Day Fund’s blog today to share my reflections on those trends. We still need workers, especially […]
Bridge the DEI gap in your employee benefits with financial inclusion
On average, white families have eight times the wealth of Black families and five times the wealth of Hispanic families. For companies prioritizing DEI as a core value to their organization, addressing this wealth gap is the first step towards advancing racial equity. Companies play a major role in advancing financial inclusion and increasing the […]
How Sunny Day Fund’s Values Power Our Emergency Savings System
In a previous post, I discussed how we need to evolve our workplace financial security system to include emergency savings and why that starts with values alignment. And so it makes sense for me to talk about our own values. Sunny Day Fund was born to help more Americans achieve financial security sooner. We’ve shaped […]
We need better systems for emergency savings, and that change starts with values alignment.
There’s still a belief that liveable wealth is only achieved by an individual’s level of financial knowledge, planning, and capability. A “bootstraps” narrative. I don’t think that’s the full picture. I believe that the key to sustainable personal financial well-being starts at the systems level, which is why I am advocating for a systems level […]