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
"The series (launching this Thursday) will not only highlight the findings from the unique, massive YouthSave research agenda, but will also discuss their implications for advancing youth financial inclusion as a field. We would love for you to join the conversation!"
Friday, October 18, 2013
"The mobile phone has proven capable in ushering impoverished city slum and remote village dwellers alike, into the financial mainstream. However, can the benefits of mobile technology be fully realized among youth in necessitous communities, even as restrictive polices remain in place? What will it take for the mobile phone to fulfill its promise to financially under-served young people?"
Friday, October 11, 2013
"The conversation about youth savings, however, sometimes reminds me of where we were with low-income adults 10 years ago: no money, no savings. Skepticism about young people’s savings is compounded by the fact that many of them are not (or shouldn’t be) working. So how could children and youth – especially from low-income families – possibly save money? And why would we encourage them to do so?"
Big Questions for the Youth Financial Inclusion Field: A Roundup From the 2013 YouthSave Annual Meeting
Thursday, October 3, 2013
"But the 'meta-conversation' that developed between and around the sessions focused not on the data, but on what it tells us about the most fundamental questions that will shape whether millions more youth – not just thousands or even hundreds of thousands – have the chance to build savings in the future."
Friday, September 27, 2013
"The challenge however lies in understanding (a) what tools, knowledge and skill sets are needed to influence positive financial behavior, (b) the appropriate implementation and delivery methods, and (c) the right policies to promote youth financial savings and education."
"Beyond the Buzz" Blog Series Post #3: Creating Financially Capable Youth: Is There an App for That?
Wednesday, September 11, 2013
"One’s stickiest behaviors, those most resistant to change, occur early in life. Ensuring financial capability early in life – particularly during adolescence, a time of transition and in which youth often make serous life decisions – could be critically important in counteracting the psychological barriers that notoriously inhibit positive financial behaviors, and thereby make saving and other positive financial behaviors an instinctive process, instead of a tedious and reflective one."
Tuesday, September 10, 2013
"The overwhelming trend toward mobile money in the future, and the wide gap between the percentage of respondents who use it now to those who view it as the greatest future opportunity could suggest a) an underlying enthusiasm for the use of mobile for financial access and/or b) a view that mobile phones remain a promise unfulfilled for youth financial inclusion."