It took a catastrophic global event to demonstrate how ill-prepared many Americans are for even a brief interruption of income—including many people high up on the income scale.

The Defined Contribution Institutional Investment Association (DCIIA), the SPARK [Society of Professional Asset Managers and Recordkeepers] Institute, the Plan Sponsor University and the Retirement Advisor University on Friday held a timely webinar on the future of emergency savings.

Speakers included Tim Flacke, executive director of Commonwealth; David John, senior strategic policy adviser for AARP; and Christine Lange, head of retirement business management and customer solutions at Prudential Financial.

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