On Thursday, July 26^th 2012, the YouthSave Consortium will be hosting an event to present and discuss new insights on the financial lives and preferences of young people in developing countries. A third of the global population today is under the age of 19, with 90 percent living in developing countries and 45 percent living on less than two dollars a day. More than ever, these young people need the tools to manage their finances– and in particular, to accumulate savings. Emerging research suggests that access to savings services can open up economic opportunities for young people, and impact their attitudes and behaviours over the course of their lives.

But what do we really know about how low-income youth manage their money, or how to encourage positive financial behavior? Several research and practitioner initiatives have been working on these questions and now have preliminary answers.

Join members of the YouthSave Consortium and other experts in youth financial services to discuss recent insights from the field, and future opportunities to encourage savings amongst young people. The event will highlight new data that can enhance our understanding of the demand for savings among young people in developing countries. Presenters will share promising ideas on how to ‘nudge’ youth behaviour and will suggest future directions for practitioners in this field.  

WHEN:          
Thursday, July 26, 2012. 2:00 p.m. – 5:00 p.m.
A reception will follow the event. 

WHERE:        
New America Foundation
1899 L St. NW Suite 400
Washington DC, 20036

Join the Twitter conversation using the hashtag #youthsave.

Supported by The MasterCard Foundation, YouthSave is a consortium initiative led by Save the Children in partnership with the Center for Social Development at Washington University in St. Louis, the New America Foundation, and CGAP.