Employee Perspectives on Emergency Savings Programs

AARP Public Policy Institute

Published September 20, 2018

Many companies are considering employee financial wellness as part of their benefits and compensation strategy. Helping workers build emergency savings is one tactic that is gaining popularity. The AARP Public Policy Institute fielded a national survey to test the appeal of a payroll-deduction rainy day savings program among employees. The survey also identified the program features that are most important to workers. On September 20, 2018, leading behavioral economist Warren Cormier reviewed the survey findings. A discussion with providers and policy experts followed.

Detailed survey findings (PDF)

Blog: Employees want help from their employers to save for a rainy day

Related resource: Saving Over a Lifetime

Speakers:

· Warren Cormier, CEO, Boston Research Technologies; Executive Director, DCIIA Retirement Research Center

· Greta Engle, Vice President Employee Benefits, USI Insurance Services

· Catherine Harvey, Senior Policy Advisor, AARP Public Policy Institute

· David John, Senior Strategic Policy Advisor, AARP Public Policy Institute

· David Newville, Director of Federal Policy, Prosperity Now

· Will Sandbrook, Executive Director, NEST Insight

MORE FROM AARP

A man using the drill in his workshop with protective glasses and gloves

February 2024 Employment Data Digest

A monthly digest of BLS employment data that examines findings from the Employment Situation Report for people ages 55+

Money is a Primary Driver of Job Change

A recent AARP study finds that one in six adults age 50-plus are planning to make a job change in 2024. Money is the primary driver.

A Retirement Savings Option for Alaska Small Businesses

Seven in ten Alaska small business owners support a privately managed, ready-to-go retirement savings option for themselves and their employees.

Menopause in the Workplace Has an Economic Impact

Globally, worker productivity losses due to menopausal symptoms are estimated to be $150 billion, according to a new AARP survey, and related health care costs are estimated to be more than $600 billion.

The Oregon State Capitol Building showing the dome, with a row of flags out front.

Update State Age Discrimination Protections, Say Oregon Voters

Most Oregon voters (85%) support updating the state's current age discrimination law and 7 in 10 (71%) are likely to support a candidate who would strengthen Oregon's age discrimination law.

Saving at Work for a Rainy Day: Perspectives from Employees