New Research: The Financial Reality of Unpaid Caregiving

New Research: The Financial Reality of Unpaid Caregiving

As millions age into retirement, the number of unpaid caregivers, usually family & friends, is rapidly increasing. Most spend thousands out of pocket, with little to no support from the financial system.

Commonwealth has launched a new initiative, funded by the Prudential Foundation, to explore the financial needs of low-to-moderate income caregivers and develop concepts for innovative solutions that support their financial health.

Read the preliminary findings from our latest national survey and learn how we’re using this research to shape new products for caregivers.

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What’s the real impact of $1,000? Key insights from our latest webinar.

Last month, Commonwealth hosted The 4-1-1(k): A SECURE 2.0 Provision’s “Grand” Impact on Emergency and Retirement Savings. Experts from BlackRock’s Emergency Savings Initiative, Compass Financial Partners, a Marsh & McLennan Agency LLC Company, and Voya Financial discussed how the new $1,000 emergency withdrawal option could influence employee financial security and retirement plan engagement.

Now, we’re sharing the top takeaways in a new blog post, from implementation insights to strategies for supporting a financially diverse workforce. Whether you attended the session or not, this recap breaks down what RPAs, recordkeepers, and plan sponsors should keep in mind.

Read the Webinar Blog