SaverLife and The BlackRock Foundation Bring Award-Winning Financial Wellness Platform to Skilled Trades Workers Nationwide
BlackRock (BLK) announced a foundation-funded SaverLife financial wellness app launch for skilled trades apprentices, reaching nearly 75,000 eligible apprentices nationwide.
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Dedicated SaverLife x BlackRock Future Builders app now available to nearly 75,000 apprentices nationwide
Powered by financial health expertise, behavioral science, real-time data, and AI, SaverLife is designed for working Americans who need trusted, just-in-time financial support. Their free app currently supports 800,000+ Americans across all 50 states, and the majority save more after joining SaverLife. As part of the SaverLife and The BlackRock Foundation partnership, union apprentices in the BlackRock Future Builders programs will be eligible for cash incentives as they progress through the training program and build healthy financial habits.
“As technology reshapes our economy, we have an opportunity to rethink not only how we prepare people for the jobs of the future, but how we help them build lasting financial security through those careers,” said Leigh Phillips, President and CEO of SaverLife. “We’re proud to partner with BlackRock Future Builders to bring personalized, technology-enabled financial guidance into the workforce development experience, supporting IBEW-NECA apprentices with timely guidance, motivation and practical tools to build savings and financial confidence from the start.”
The BlackRock Foundation’s commitment builds on BlackRock’s ongoing work to support America’s workforce and reflects its broader mission to help more people invest better to live better. It follows an initial
“The skilled trades are opening doors to family-supporting careers and greater economic opportunity for millions of Americans,” said John Kelly, Global Head of Corporate Affairs at BlackRock. “At BlackRock, we believe that opportunity should translate into long-term financial security. By bringing innovative financial tools directly into the apprenticeship experience, we can help workers build toward financial success from their first paycheck and throughout their careers.”
New BlackRock Read on Retirement research underscores the demand for these resources among skilled trades workers, with
“An IBEW apprenticeship has always been about more than a job. It’s a path to a career with good wages, real benefits, and a secure retirement,” said Kenneth W. Cooper, International President of the IBEW. “But earning a good living and building wealth are two different skills. Putting these tools in our apprentices’ hands means the paychecks they work hard for go further, for them and for their families.”
"NECA and the IBEW have spent generations building the best-trained electrical workforce in America, and a workforce is only as strong as the people in it. A strong industry depends not only on technical excellence, but also on the financial strength and stability of the men and women who power it,” said David Long, CEO of NECA. “When apprentices have a handle on their finances, they show up focused, stay in their programs, and become the leaders our contractors will count on for decades. SaverLife and The BlackRock Foundation are helping make that possible, and NECA is grateful for their investment in our workforce and the long-term strength of our industry."
"Preparing the next generation of electricians requires more than technical training," said Todd Stafford, Executive Director of the electrical training ALLIANCE. "Apprentices also need support and resources to help them stay on track and fully realize the opportunities these careers can provide. By integrating personalized financial guidance and savings tools into the apprenticeship experience, The BlackRock Foundation and SaverLife are helping workers build both skills and financial resilience from day one."
About SaverLife
SaverLife is a national nonprofit and fintech using technology to improve the financial lives of people living on low- to moderate- incomes. Through its fintech product and research, SaverLife amplifies the voices and priorities of its more than 800,000 members to help ensure financial products, programs, and policies support their unique financial health journeys.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.
About The BlackRock Foundation
Guided by BlackRock’s purpose to help more and more people experience financial well-being, The BlackRock Foundation (“the Foundation”) funds and partners with organizations that strengthen financial security by helping people earn, save and invest – earlier, more often and for their futures.
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BlackRock
Lauren Willis
lauren.willis1@blackrock.com
202-247-7288
Kristen Rivera
kristen.rivera@blackrock.com
646-231-8352
SaverLife
Rebekah Collinsworth
rcollinsworth@saverlife.org
603-313-2178
Source: BlackRock