Stress from financial uncertainty and unexpected expenses has a crushing effect on millions of Americans every year. Forty percent of Americans can’t cover an unplanned $400 expense It’s a financial issue, but the downstream impacts affect health and wellbeing. COVID has only exacerbated this situation.
Our team at Secure knows this financial stress. We’ve lived it ourselves. We are motivated to make a difference.
We believe that there is a smart, sensible path for Americans to build emergency savings, and that’s what we set out to build.
The concept of employer emergency savings accounts (ESAs) have been gaining traction quietly over the last few years. But in 2020, COVID-19 marked an inflection point, as individuals and policymakers realized their criticality.
Our key insight is the belief that the mainstream adoption of emergency savings will come as a partnership between employers and employees. That’s we’re building ESAs as an employer sponsored benefit. ESAs are quickly becoming the most sought-after new benefit program by employers looking for ways to react to a rapidly changing world and ongoing uncertainty.
We are on the bleeding edge of this concept at Secure. Our team spends the majority of our waking hours thinking about how to make emergency savings more effective, and talking to employees, employers, researchers, advocacy groups, and distributors about the future of the concept. Emergency savings is seeing an acceleration of innovation and learning in 2020, and the need for Americans could not be more pronounced. This is an important and highly impactful problem to solve, and we feel a responsibility to make sure emergency savings accounts become a mainstay amongst employers and employees.Our team loves building startups. But more importantly, we care about building impactful and lasting solutions which can have a real positive impact on the lives of others. With Secure, and emergency savings overall, we have found a worthy mission and one as we as watched the pain and impact of Covid unfold in early 2020, we knew was the mission for us. We hope that you find a way to join us.