BlackRock Helps Build Over $2 Billion in Savings for Everyday Americans through Philanthropic Emergency Savings Initiative

“BlackRock's Emergency Savings Initiative couldn't be a clearer expression of the firm's purpose to help more people experience financial well-being -- it is another way BlackRock is helping everyday Americans achieve financial security,” said Mark McCombe, Vice Chairman at BlackRock. “Although the savings initiative began in 2019, COVID made the project even more urgent as a record number of people lost their jobs, and those who did not have short-term savings set aside or quickly depleted them had to dip into their long-term savings to weather the downturn. That coupled with today’s inflationary economy is forcing too many to get by with less.”