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The COVID-19 pandemic has upended the American economy, and in doing so, has underscored the critical role that savings plays in ensuring financial stability and security. Before the pandemic, more than 45 million households were liquid asset poor and lacked the financial security to weather a sustained crisis. Further, households including low- and hourly-wage earners, racial and ethnic minorities, immigrants and women were more likely to have less in savings and therefore were more vulnerable. During the pandemic, savings has increased on average--in part because of Economic Impact Payments from the CARES Act and expanded unemployment insurance. But for too many, these supports were inaccessible or simply not enough to maintain financial stability during the crisis. The result in 2021 is a complicated picture, where low- and moderate-in income (LMI) household savings needs vary considerably based on many factors, including their occupations and their vulnerability prior to the crisis.
Join us for a three-part webinar series exploring how practitioners, policymakers and product developers are supporting the diverse savings needs of LMI households during the ongoing crisis. We will discuss solutions that help families save flexibly for short, intermediate and/or long-term goals that address their current and future needs.
During this series, you will hear from panels of nonprofit practitioners, leaders in the financial industry and Prosperity Now staff who will explore barriers to savings and highlight different models for supporting households in building stability and security through savings.
- Responding to Clients' "Now" Needs - Tuesday, January 19, 2021, 2 p.m. - 3:30 p.m. EST
- Responding to Clients' "Soon" Needs - Tuesday, February 2, 2021, 2 p.m. - 3:30 p.m. EST
- Responding to Clients' "Later" Needs - Wednesday, March 3, 2021, 2 p.m. - 3:30 p.m.
Registering for this webinar will automatically register you for the entire series.
This webinar series is free, but advanced registration is required, so register today!
Unable to attend the live event? Register anyway so we can share the recording with you via email after the webinar concludes.
