YouthSave investigates the potential of savings accounts as a tool for financial inclusion and youth development in developing countries by co-designing tailored, sustainable savings products with local financial institutions (FIs) and assessing their performance and development outcomes with local research partners. Initial results suggest that low-income youth will use formal financial savings products tailored to their needs. Intentional efforts may help to include more girls, the very poor, and out-of-school youth.
Project: YouthSave
Citation
Johnson, L., Lee, Y. S., Sherraden, M., Chowa, G. A. N., Ansong, D., Ssewamala, F., … Saavedra, J. (2013, October). Youth savings patterns and performance in Colombia, Ghana, Kenya, and Nepal (YouthSave Research Brief No. 13-26). St. Louis, MO: Washington University, Center for Social Development.