Page 17 - Timothy Flacke News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Would you share an emergency savings account with strangers? That is a central question in an ongoing experiment conducted by BlackRock-backed nonprofit Commonwealth, which recently published promising findings about collective emergency savings. The answer, particularly for low- and moderate-income households, most often is “yes.” Working with fintech firm Esusu, Commonwealth set up eight groups of three to four people who each contributed a preset amount ranging from $5 to $75 each month to the accounts between December 2019 and January 2021. The results showed that people saved more, spent less and felt more secure financially than they did prior to participating, Commonwealth noted. “Most of us can just relate to it from our own lives. Savings money is hard. And the less you have to work with, the harder it is,” said Timothy Flacke, executive director of Commonwealth. “We are more isolated around our finances than probably any other topic.”

United statesTimothy flackeGosia tomaszewskaConsumer financial protection bureauFederal reserveஒன்றுபட்டது மாநிலங்களில்தீமோத்தேயு ப்லக்கேநுகர்வோர் நிதி ப்ரொடெக்ஶந் பணியகம்கூட்டாட்சியின் இருப்பு