When the COVID-19 pandemic hit in early 2020, it put an added spotlight on the lack of emergency savings for most American households.

In response, BlackRock’s Emergency Savings Initiative expanded research efforts to understand how the pandemic impacts people’s financial lives and their ability and motivation to save. ESI also focused its work on partners where interest in savings is strong, including W-2 employers, record keepers, payroll providers and fintechs, to scale different models to offer savings solutions and encourage replication.

Read the full report to learn more about early findings in emergency savings through the pandemic.