More than half of all households in the U.S. report having no money set aside for emergencies.
Emergencies happen, and too many Americans will suffer long term financial consequences as a result.
Employers like this benefit in part because financial stress and insecurity cause lost productivity and higher absenteeism.
Furthermore, employees want this benefit.
An emergency savings card program meets these requirements.
It uses a debit-like payroll card.
They can also be offered by employers that dont have a retirement plan.
