Rainy Day to Riches: Moving Beyond Short-Term Financial Security


Federal Reserve Bank of Boston - Morris Auditorium
600 Atlantic Ave
Boston, MA 02210
United States

Wednesday, 11 September 2019 - 10:00am to 11:30am

View Event Page


Conventional wisdom often tells Americans that building savings is the key to building wealth. However, due to factors such as income volatility, increasing debt and unexpected expenses, Americans are cutting back on short-term savings and even dipping into their retirement accounts to address their financial challenges. Before building wealth, people need to achieve a baseline level of short-term savings. A panel of innovators tackling the emergency savings challenge through a variety of engagement models and non-traditional channels will discuss what it will take from the fintech ecosystem for everyday Americans to move beyond short-term financial security to long-term wealth.