The ongoing pandemic and 2022’s rising inflation continue to impact the financial well-being of American workers. US companies are also impacted, as threats of a recession and a tight labor market make it harder to attract, and retain, the right workforce. In this environment, workers are looking to their employers to support their financial well-being. […]
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Sunny Day Fund Welcomes Former Workday Executive Boada to Lead Technology
Ernesto Boada, former Senior Vice President and Interim Chief Information Officer at Workday and former Chief Technology Officer at Western Union, joins workplace savings startup Sunny Day Fund as its Co-Founder & Chief Technology Officer. “After working in the technology sector for over 25 years with major companies like Workday, Visa, Intuit, and Western Union, […]
Why Labor’s Evolution is Good for Us All
In the midst of all things AI, I find myself reflecting on another transformation that seems to be getting shortchanged – a new type of labor movement. And so, with Labor Day around the corner, I am borrowing Sunny Day Fund’s blog today to share my reflections on those trends. We still need workers, especially […]
What simplified emergency savings look like: badcredit.org article
I sat down with Jon and Andrew at badcredit.org recently to talk about why working Americans want help saving for emergencies. I became passionate about this journey because it’s partly my own. You probably have seen the new data around lack of emergency savings, rising loans and withdrawals against retirement savings, and growing demand for […]
Five ideas to encourage better savings, thanks to behavioral economics
In this three-part blog series, we delve into the role of behavioral science in influencing savings behavior. Last time, we presented potential barriers to saving for especially lower-income Americans. In this blog, we cover different strategies to boost savings habits and outcomes. Here are the five strategies we present in this post: Make sure to […]
Barriers to Better Saving Outcomes for Working Americans
We recently brought together industry experts and researchers to discuss what may be preventing working Americans from saving better today. In this blogpost, we share what we learned. The webinar, entitled How Behavioral Science Enables Better Savings Habits, included: This topic is important because many Americans are facing financial challenges and living paycheck-to-paycheck. Credit card […]
How behavioral science enables better savings habits
Though many American workers want to save, they’re finding it hard to follow through and it’s impacting their financial well-being. Employers want to help because they understand how financial stress is impacting their business outcomes and how emergency savings can help. Employers and employees alike are looking for innovative solutions that meet long-term goals like […]
