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85,000 Low-income Youth Open Savings Accounts through YouthSave

May 8, 2014
The YouthSave project announced new results from a five-year program designed to increase saving and asset building among youth in developing countries.

85,000 low-income youth open savings accounts through YouthSave

May 7, 2014
WASHINGTON, DC – Dispelling the myth that poverty is the biggest barrier to saving, the latest figures from a five-year program indicate that 85,000 low-income youth in four countries, Nepal, Kenya, Ghana and Colombia, have opened savings accounts designed specifically for and with them. While we must wait another year for final conclusions, preliminary data indicates that YouthSave is contributing to the goal of financial inclusion for a particularly vulnerable population. 

Taking the Jeff Bezos Approach to Building Your Own Startup

  • By
  • Eric Tyler,
  • New America Foundation
December 5, 2013 |

India May Benefit from Financial Access Initiative | The Hindu

October 19, 2013

Less than a year ago a report on financial access of the poor in India, authored by the New America Foundation think-tank, found that despite the Indian government’s “ambitious attempts in recent years to provide financial services to its poorest citizens” the desired effect had not been achieved with “65 per cent of adults excluded from the formal financial sector.”

Beyond the Buzz

  • By
  • Jamie M. Zimmerman,
  • Julia Arnold,
  • Elizabeth Carls,
  • New America Foundation
  • and Lex Nowak and Vinay Rao (Global Assets Project)
September 12, 2013

Although low-income youth in the developing world tend to lead relatively complex financial lives, many do so without access to the financial tools and knowledge that might benefit them. Increasing their financial inclusion—or the access and capabilities necessary to use appropriate, typically formal, financial products and services—could help low-income youth better navigate the financial landscape and ultimately contribute to their economic empowerment.

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