By Center for Social Development, Washington University in St. Louis
In 1950 there were just under half a billion young people from ages 15 to 24 in the world; by 2050 that number is expected to grow to 1.2 billion. Of these 1.2 billion, 90% will live in developing economies. Available evidence suggests that youth savings has the potential to improve the well-being of low-income and vulnerable youth, but globally, the number of youth savings programs is small. Systematic research is required to understand what types of youth savings products and services spur savings among populations of youth around the world.