How Young People Save Money: Findings From Interviews With SEED Participants

Section one of the this report is the introduction and overview of this report. Section two of this report provides information about the respondents, including age, gender, racial and ethnic background, parental occupation, family structure, educational levels, income level, and employment status. Distributions and frequencies of this demographic background information are summarized in the text and in tables. Qualitative data about the respondents’ families of origins, as well as their neighborhood and housing experiences, are also included in this section. In section three, we focus on youth saving patterns, comparing the experiences of moderate to high savers with low savers. Factors that facilitate saving and those which create barriers to saving are presented. Section four is concerned with youth experiences of the SEED program itself, and the features of program and account design that youth perceive positively and negatively. Section five summarizes the findings of the report, and makes a set of policy and practice recommendations designed to enhance youth savings. Particular attention is paid to constructing policy and practice solutions that might assist those youth who had the most difficulty saving.

Project: SEED National Initiative