The Benefits Scorecard creates a framework to assess the performance of both public and private benefits in supporting the financial security of workers
Contact: Kara Watkins
Washington, D.C., July 26– Today, the Aspen Institute Financial Security Program (FSP) released its 2022 Benefits Scorecard, a first-of-its-kind assessment of public and workplace benefits in their support of the financial security of workers and their families. This resource will be adopted and adapted by key leaders to center benefit design and delivery around household financial security.
The 2022 Benefits Scorecard analyzes 22 key public and workplace benefits such as Supplemental Nutrition Assistance Program (SNAP), the Child Tax Credit (CTC), Paid Sick Leave, Unemployment Insurance, Employer-Sponsored Health Insurance, and Social Security Retirement. Benefit by benefit, the Scorecard leverages publicly available data to assess performance — regardless of who provides it — along 4 key benefit dimensions: value, delivery, access and use, and interactions with other benefits. The Scorecard makes key recommendations about how to drive up the performance of benefits to enhance their support of worker financial security.
“This 2022 Benefits Scorecard is the anchor for our Benefits21 work–it provides a resource to understand the benefits landscape, assesses public and workplace benefits in their support of workers and their families, and signals opportunities for innovation to close critical benefit gaps and modernize our benefits to inclusively and equitably support all workers,” explains Sarika Abbi, Associate Director of Benefits21. “For policymakers, it’s a resource to assess and improve benefits at the federal, state, and local level and explore policy actions to enhance financial security for all workers and their families. And for business leaders, it’s a resource to assess and improve current workplace benefits, explore new offerings and examine their role in strengthening access, use and impact of public benefits.”
This 2022 Benefits Scorecard creates a foundation for the work ahead to help move toward a future where all workers are equitably supported by benefits. To speak with the author of the 2022 Benefits Scorecard, please contact Kara Watkins, Kara.Watkins@aspeninstitute.org.
About Aspen Institute Financial Security Program The Aspen Institute Financial Security Program’s (FSP) mission is to illuminate and solve the most critical financial challenges facing American households and to make financial security for all a top national priority. We aim for nothing less than a more inclusive economy with reduced wealth inequality and shared prosperity. We believe that transformational change requires innovation, trust, leadership, and entrepreneurial thinking. FSP galvanizes a diverse set of leaders across the public, private, and nonprofit sectors to solve the most critical financial challenges. We do this through deep, deliberate private and public dialogues and by elevating evidence-based research and solutions that will strengthen the financial health and security of financially vulnerable Americans. To learn more, visit AspenFSP.org, join our mailing list at http://bit.ly/fspnewsletter, and follow @AspenFSP on Twitter.