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107 Strategies for Bringing Youth Savings Programs into Local Communities
Key Words
Youth Savings Accounts Literacy, K-12 Student In-School Banking, Financial Education
Short Description
Linking financial education and school-based savings programs encourages the development of savings habits at a formative age and offers an opportunity to promote economic inclusion for entire families. The FDIC conducted a two-year Youth Savings Pilot to identify promising approaches to combining financial education with the opportunity to open a safe, low-cost savings account. During the 2015-16 school year, the 21 banks in the pilot created over 4,500 youth savings accounts and provided financial education to thousands more children.
First & Corresponding Author
Ron Jauregui, Federal Deposit Insurance Corporation
Authors in the order to be printed
Ron Jauregui, Luke Reynolds, Tracie Morris