Shared emergency accounts could hint at higher savings
The results of a recent experiment show people saved more, spent less and felt more secure financially while saving as a group, according to the nonprofit Commonwealth.
Would you share an emergency savings account with strangers?
That is a central question in an ongoing experiment conducted by BlackRock-backed nonprofit Commonwealth, which recently published promising findings about collective emergency savings. The answer, particularly for low- and moderate-inc
Learn more about reprints and licensing for this article.