Collective Emergency Savings is an innovative approach to building short term savings as a group. Through Commonwealth’s continued research on savings programs for low-to moderate (LMI) people, we partnered with fintech Esusu in a yearlong pilot to help low-income populations save money via collective savings. We found users saved more and more regularly, felt more prepared to manage an emergency, and believe they will be more financially secure in the future.

To learn more about building collective emergency savings products, download our report.