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.  The crisis has hit certain populations particularly hard: only about a third or fewer of Black and Hispanic adults, those younger than 30, and those with no college experience say they have a rainy day fund to cover three month’s worth of expenses.

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.  What emergency savings tools to enable people across America to cope during this economic recovery – and create a stable, equitable savings system that can weather the next one?