"Policy Innovations in Youth Financial Services" Blog Series Post #1: Banking on Youth, Finance and Policy
Monday, June 10, 2013
"What might an energetic but disaffected youth, a hard-nosed banker, and a policy maker going from ministerial meetings to G20 gatherings have in common? As it turns out—quite a lot."
Thursday, June 6, 2013
"There is an inherent policy case for youth savings: asset accumulation and positive financial behaviors among youth will have spill over effects that could lead to great social and economic development, at both the micro and macro levels. However, policy interventions or regulations to spur youth savings are rare."
Thursday, May 16, 2013
"Colombia received an award for Global Money Week 2013, a week long set of activities in which “children and youth from across the world learn about saving, banking, giving back to the community and sparking their entrepreneurial spirit,” organized by the CYFI movement. According to CYFI, 80 countries, 185 institutions, and 1 million children officially participated in the over 1000 organized activities which ran from March 15-21, 2013."
"Measure Twice, Cut Once" Blog Series Post #3: A Simple Solution For Complex Needs: How BoK Used Pilot Findings to Focus On What Really Matters
Tuesday, April 30, 2013
"The market research behind BoK’s “CYBY” youth savings product revealed some seemingly contradictory findings. A significant proportion of the 500 youth respondents, approximately 80% of whom were low-income, actually said that they wanted a portion of their money locked away to help them accumulate more savings over the long-term. However, they also said that they needed emergency access to their savings to deal with unforeseen circumstances."