This past July, the State of California rolled out a new program called CalSavers -- an affordable retirement savings program for workers who do not have access to a retirement benefit through their employer. This program will help more than 7.5 million Californians and more than 300,000 workers in Silicon Valley to begin saving for retirement and more.
In this episode, Alexandra Bastien, SVCF's Financial Stability Program Officer, speaks with Bianca Blomquist, Northern California Outreach Manager at Small Business Majority, about the role of philanthropy in supporting outreach for this ambitious new program and promoting financial security for all Californians.
In our Philanthropy Now podcast series, we explore trends in the world of philanthropy, social impact initiatives in Silicon Valley and beyond, and we look at how SVCF promotes innovative philanthropic solutions to challenging problems.
Bianca Blomquist, Northern California Outreach Manager at Small Business Majority, and Alexandra Bastien, SVCF Financial Stability Program Officer
What you will learn:
- How Small Business Majority advocates for small business owners.
- How the CalSavers program is managed, who it impacts, and intersections with gender, financial and racial inequality.
- Why we're facing a retirement crisis in California and across the country
- The estimated gap between the amount of money Americans will need for retirement and the amount they actually have saved.
Resources from this episode: