By Ashley Alman, New America Foundation
You probably brush your teeth every morning, a habit you started developing as soon as you were able to hold your own tooth brush. So, what if we applied the same logic to asset building – that as soon as you could grasp a handful of change, you started saving?
A third of the global population today is under the age of 19, with 90 percent of these young people living in developing countries and 45 percent living on less than $2 a day. More than ever, young people need the tools to manage their financial lives and, especially, accumulate savings -- opening up economic opportunities and impacting their attitudes and behaviors over the course of their lives.
Blog Post: Towards a New Model for International Research Collaboration: Reflections on the April YouthSave Research Advisory Council Convening and Symposium
By Julia Stevens and Li Zou, Center for Social Development
On April 17, 2012, a Symposium on International Research and Innovation at Washington University in St. Louis highlighted the experiences and insights of the international research partners in YouthSave. The event, which was hosted by the Center for Social Development at Washington University’s Brown School, drew an engaged audience of students, researchers, and program representatives with interests in international research and collaboration.
Blog Post: Evaluating School-Based Financial Education Programs: What Can We Learn from Field Evidence?
By Rodrigo Sermeno, New America Foundation
Recently, I attended “Conversations that Build and Strengthen Youth Economic Opportunities” hosted by Making Cents International. The event featured Hidde van der Veer of Aflatoun, a Dutch NGO providing social and financial education to children, and Aishwarya Lakshmi Ratan of Innovations for Poverty Action (IPA), an organization dedicated to discovering what works for the world’s poor. The speakers shared the preliminary results of their RCT evaluation of the efficacy of school-based financial education programs in Ghana, a country where YouthSave also operates. While their research measured only the short-term effects of these interventions, it nonetheless offers valuable insights into youth labor market participation, risk taking, and most importantly, savings behaviors and attitudes.