Federal Proposal Seeks to Create Summer and Youth Jobs

The Washington Post

The Obama administration unveiled a $5.5 billion proposal to create summer and first-time jobs for youths over four years and a $2 billion scheme to create apprenticeships over five years, the latest in a series of ideas that will be included in the federal budget plan next week.

The proposals — part of a $12.5 billion package of new spending over five years — includes $3 billion to train people to lure firms to the United States from abroad or to keep them from leaving.

Uneven Landscape of Financial Education

The MasterCard Center for Inclusive Growth

In recent years, great strides have been made in improving supply-side issues in financial system access. Specially tailored loans and savings accounts have enabled poorer populations to smooth their income, and technology has allowed banks to reach those rural communities that physical bank branches can’t. But a lack of financial literacy remains a huge demand-side barrier to financial inclusion. Simply put, if people don’t know about or aren’t comfortable with financial products, they will either not demand them, or will be unable to make informed judgments and take effective decisions about them.

Al Amal Rural Youth Case Study

Making Cents International

With funding from the International Fund for Agricultural Development (IFAD) and in partnership with Silatech, Making Cents International is implementing the IFAD Rural Youth Economic Empowerment Program (RYEEP); a three-year grant to increase employment and self-employment of young people aged 15-35 in the Near East and North Africa (NENA) countries of Egypt, Yemen, Morocco and Tunisia.

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Young People Can Save: The Emerging Youth Savings Group Model and Why We Need Your Support

Plan UK

I’m passionate about the power of financial inclusion – particularly the financial inclusion of young people.

Why? Globally young people are disproportionately financially excluded for a myriad of often complex reasons. One illustration of this exclusion was highlighted by the World Bank’s Findex data released earlier this year, showing that in Sub Saharan Africa just 20% of young people have a bank account compared to 33% of adults.

YouthSave 2010-2015: Findings from a Global Financial Inclusion Partnership

The YouthSave Consortium

Young people everywhere need support to transition successfully to a financially secure adulthood. We believe that one key to that transition is to develop sound financial habits starting at a young age. When that happens, the effects go beyond young people themselves— entire societies benefit when more citizens possess healthy financial habits.

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Pathways to Development: Evidence from YouthSave

Oct 6, 2015 (10:45pm)

Can low-income teens build savings – and does it matter for their futures?  Since 2010, YouthSave has been investigating these questions through partnerships with banks and research institutions in Colombia, Ghana, Kenya, and Nepal. 

Join Microlinks on October 9 to discuss insights from YouthSave. Our panelists will discuss what YouthSave learned about how to provide scalable savings mechanisms to low-income youth and what this means for the practice of youth development and financial inclusion.                                                                                   

Effective Integration of Financial Services into Economic Opportunities Programming for Youth

SEEP Network, MasterCard Foundation

The United Nations Population Fund reports that there are 1.8 billion young people between the ages of 10 and 24, with 89 percent of them residing in less-developed countries (2014). In Sub-Saharan Africa, minors often account for more than 50 percent of a country’s population.

Moreover, by 2050, the world’s population will increase by 2 billion, an increase of 28 percent, all of whom will require access to health and education services, and eventually to jobs and self-employment opportunities.

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Children and the Financial Regulatory Landscape: Latin America

Child and Youth Finance International

Close to 5 percent of the youth population worldwide has access to a savings account, though they represent around 18 percent of the world population, and disparities are significant; in some economies (i.e Australia, France and New Zealand) around 70 percent of students of 15 years old have a bank account, though in others (Israel, Poland and Slovak Republic) the figure is less than 30 percent.

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#YouthEO Twitter Chat: Scale in Practice

Making Cents International

There are over 1.1 billion young people in the world who need to be able to find good jobs, start and grow businesses, gain access to appropriate financial services and overall, participate in the global economy.But how can development practitioners and private and public sector actors meet the growing demand for youth economic opportunity?