Opening Remarks - Building Financial Resilience in a High Cost-of-Living Economy | BPC
Why It Matters
Addressing cost‑of‑living pressures through cross‑sector solutions is essential to safeguard household savings and future retirement security.
Key Takeaways
- •Rising cost of essentials strains household wealth building
- •ASAC focuses on cross‑sector collaboration for financial resilience
- •Solutions include innovative partnerships and scalable programs for households
- •Speakers will discuss human impact, cost drivers, practical fixes
- •New partners Gusto and ICI join effort to aid savings
Summary
The Bipartisan Policy Center opened its forum on financial resilience with remarks from Lety Nosera, head of the American Savings Education Council. She framed the event around the urgent challenge of soaring everyday costs that force millions of Americans to choose which bills to pay and delay savings, undermining long‑term wealth building.
Nosera highlighted ASAC’s public‑private mission to identify cross‑sector opportunities that move the needle on retirement security and financial well‑being. She emphasized that rising expenses are no longer a budgeting issue but a trade‑off dilemma, and that innovative collaborations—spanning foundations, financial firms, and employers—are emerging to provide scalable, practical solutions.
The remarks thanked charter partners Arnold Ventures, the Peter G. Peterson Foundation, Credential Financial, and TIAA, while welcoming new allies Gusto and ICI. She noted that upcoming speakers will share personal stories, dissect the drivers of cost inflation, and showcase concrete programs designed to stretch limited resources for households.
The forum’s significance lies in its call for coordinated action among policymakers, employers, and financial institutions to develop tools that protect savings and retirement outcomes, a critical step as cost‑of‑living pressures intensify across the United States.
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