Press Releases

MEDIA CONTACT 
Jackie Jusko
Cell: 216-374-0945
jjusko@buildcommonwealth.org

Commonwealth works in collaboration with partners and foundations to announce new initiatives, opportunities, impact, and milestones that inform and influence employers, the financial services industry, fintech innovators, policymakers, and beyond. Access our press announcements highlighting our latest research, partnerships, progress, impact, case studies, and more.

Commonwealth Welcomes Michelle Carter and Brenda Velazquez as Senior Vice Presidents

BOSTON — Commonwealth, a national nonprofit building financial security and opportunity for all through innovation and partnerships, has announced the addition of two accomplished leaders to its team. Michelle Carter and Brenda Velazquez have joined Commonwealth as Senior Vice Presidents,…

New Study: Climate Change is Having a Profound Financial Impact on Workers Earning Low and Moderate Incomes 

National survey by Commonwealth demonstrates the financial burden for workers, and implications for worker productivity and employers’ bottom lines BOSTON – The impact of climate change is putting an additional financial burden on those with the fewest resources to manage…

Investor Identity Research Project Gains Momentum With Stash as New Partner

In Project Supported by the Nasdaq Foundation, Commonwealth Collaborates with Popular Investing App Stash to Explore Investor Identity’s Influence on New Investors Commonwealth’s Investor Identity Research Project, funded by the Nasdaq Foundation, continues to build momentum with the addition of Stash, a…

BlackRock Helps Build Over $2 Billion in Savings for Everyday Americans through Philanthropic Emergency Savings Initiative

NEW YORK–(BUSINESS WIRE)–Today, BlackRock’s Emergency Savings Initiative announced that, through partnerships fueled by $30 million in philanthropic capital, the program has helped build over $2 billion dollars in net new savings for the program’s participants and made breakthrough short-term savings…

Ellevest and Public Join Investor Identity Research Project to Help Close the Racial and Gender Wealth Gap Through Investing

Launched During Women’s History Month, This Commonwealth Project, Supported by The Nasdaq Foundation, Will Explore How Investor Identity Shapes New Investors Investing in capital markets is one of the most effective paths for people to build long-term wealth and financial…

Commonwealth Collaborates with JPMorgan Chase to Examine the Effect of Emerging Technology on Financially Vulnerable Americans

New Research Will Focus on Financial Services Innovators & Providers, Advance the Ongoing Public Conversation About Who Should Benefit from Innovation BOSTON – Today, Commonwealth and JPMorgan Chase announced the next phase of their collaboration to address the challenges and…

Statement from Timothy Flacke on the passage of the SECURE 2.0 Act and its associated emergency savings provisions

We are pleased to see emergency savings provisions advance as part of the passage of the SECURE 2.0 Act of 2022, including the Emergency Savings Act introduced by Senators Booker and Young and the Enhancing Emergency and Retirement Savings Act…

New Study Reveals Gig Workers Need Unique Benefits to Reduce Financial Challenges

Research collaboration by Commonwealth, Green Dot, Gig Wage, and Steady focuses on which financial tools and resources can help reduce impact of income volatility among gig workers AUSTIN, Texas–(BUSINESS WIRE)–Despite rapid growth of the U.S. gig economy, the majority of…

Commonwealth Launches Investor Identity Research Project with Support from The Nasdaq Foundation

Research project by Commonwealth to examine investor identity to cultivate inclusive investor ecosystem BOSTON, Sept. 29, 2022 /PRNewswire/ — Commonwealth, a non-profit financial innovation lab, announced today its new project Transforming Investor Identity: A National Demonstration, aimed at shifting perceptions of investor identity, making investing…

Statement from Commonwealth on the Overturning of Roe v. Wade

The Supreme Court’s ruling to overturn the landmark 1973 Roe v. Wade decision will have a swift and negative long-term impact on the financial security of millions of Americans. The guaranteed right to make autonomous decisions about one’s reproductive health…

New Research Indicates Digital Wallet Uptake Could Have a High Impact on Financial Security for Underserved Consumers

BOSTON – Research shows that making saving easy increases the likelihood that people will save. A new study from the national nonprofit Commonwealth is uncovering the potential of digital wallets to address this need and have a positive impact on…

Commonwealth Launches Inclusive Product Design Resource Center for Fintech and Financial Services

BOSTON – Commonwealth, a national nonprofit that builds solutions to enable financial security and wealth building for all, has launched a resource center for inclusive product design for fintech and financial services. The resource center presents actionable insights and recommendations…