Giving Compass' Take:

• Alexandra Bastien and Bianca Blomquist discuss the CalSavers program intended to address California's retirement crisis. 

• What are the consequences of wide-spread insufficient retirement savings? How can funders support retirement at scale?

• Read about making the U.S. retirement system more robust and inclusive. 

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.

Read the full article about California’s retirement crisis Alexandra Bastien and Bianca Blomquist at Silicon Valley Community Foundation.