Caring for a child can seem like a series of endless expenses. For people earning low- to moderate incomes, addressing short-term emergency costs associated with caregiving may take precedence over saving for longer-term goals. Through Blackrock’s Emergency Savings Initiative, Commonwealth and the Defined Contribution Institutional Investment Association’s (DCIIA) Retirement Research Center (RRC) researched how employers, recordkeepers, and policymakers can support people earning LMI in building long-term savings for themselves and their children. We examined the impact of parenting and caregiving expenses on emergency and retirement savings behavior while exploring how 529 college savings plans may be an employer tool that could promote financial security for parents and caregivers earning LMI.