BlackRock’s ESI is a cross-sector program with a mission to help people living on low- to moderate-incomes gain access to and increase usage of proven savings strategies and tools—ultimately helping them establish an important safety net.
ESI defines emergency savings as liquid savings that can be used in an emergency and is a building block to greater financial health. The Initiative’s goal is to demonstrate that emergency savings can be provided at scale through a number of different channels.
Recruit cross-sector partners who seek to make a difference in savings.
Develop and implement strategies based on the most recent research and experimentation.
Dialogue with thought leaders and policymakers to change through ideas that bridge theory and practice.
Founded in 2001, Commonwealth is a national nonprofit celebrating 25 years of building financial security and opportunity for low and moderate income households through innovation and partnerships. For a quarter of a century, Commonwealth has designed effective innovations, products, and policies enabling nearly 2.5 million people to save nearly $9 billion. Commonwealth collaborates with consumers, the financial services industry, employers, and policymakers. Because Black, Latin, and women-led households disproportionately experience financial insecurity, we focus especially on these populations. The solutions we build are grounded in real life, based on our deep understanding people living on how and moderate incomes and how businesses can best serve them. To learn more, visit us at www.buildcommonwealth.org.
The Financial Health Network is the leading authority on financial health. We are a trusted resource for business leaders, policymakers, and innovators united in a mission to improve the financial health of their customers, employees, and communities. Through research, advisory services, measurement tools, and opportunities for cross-sector collaboration, we advance awareness, understanding, and proven best practices in support of improved financial health for all.
Our partners are testing innovative interventions and savings tools to help people build emergency savings that can put them on a path to financial security.