Tuesday, November 5, 2013
"Youth do not open savings accounts because of a certain household income, or because of a particular gender or other demographic variable. Instead, we find that youth choose to open and save in savings accounts based on the opportunities provided to them."
Tuesday, October 29, 2013
"YouthSave accounts are being opened by a diverse group of girls and boys, many who are from poor households. The majority of the YouthSave account holders are in-school youth, which is a reflection of the prevalence of FI (financial institutions') outreach to local schools. Almost none of the young account holders have had any previous experience with banking, meaning that YouthSave is contributing to the goal of financial inclusion."
Thursday, October 24, 2013
"We often talk about the importance of providing financial education to young people. However, what has frequently been left out of the equation is the opportunity to actively use the knowledge and skills of young people safely and productively through mainstream financial institutions. We believe that experience is its own vital form of financial education. Youth are getting that opportunity through the youth savings accounts, and they are responding to it."
Monday, October 21, 2013