[x] Close

Download Link

Keep up with SEEP!

Sign up for our email list and you'll be the first to know about latest news, blog posts, events & new worldwide initiatives from SEEP and its members

Saving Together: Group-Based Approaches to Promote Youth Savings  Image

Promoting Inclusive Markets and Financial Systems

Saving Together: Group-Based Approaches to Promote Youth Savings

Saving Together: Group-Based Approaches to Promote Youth Savings

Summary

This paper examines the potential of poor youth to harness the power of groups to develop positive savings behaviors and long-term savings habits. Because youth are at a stage in their lives when they are particularly susceptible to peer influence, groups can positively impact their financial behaviors through a group structure, integrated financial education and the dynamics of social pressure and social capital. When young people start saving early, they increase their potential to develop a savings habit that can carry into their adult lives, strengthening their financial capabilities as they begin to face increased financial and social responsibilities.

 



Get our e-newsletter The Monthly Networker & you'll be the first to know about latest news, blog posts, events & new worldwide initiatives.
Like Us on Facebook Follow Us on Twitter RSS Feed
© Copyright 2016 SEEP Network. All Rights Reserved