There are almost 20 million employed youth in the U.S., and younger households are more likely to be unbanked. Earning a paycheck is a critical teachable moment and presents a unique opportunity to provide youth with access to financial education and quality financial products.
On May 9, 2013, the Federal Reserve Bank of San Francisco and Mission SF Community Financial Center held an interactive convening that discussed new efforts to connect working youth and young adults to the financial mainstream and identified ways to overcome challenges in reaching this vital demographic. The event also included a presentation from local youth who have participated in financial capability initiatives.
Videos from the event are now available online:
Framing the Issues around Working Youth
Becky Lai, Associate Director, Mayor’s Youth Employment and Education Program
Brian Fox, Community School Coordinator, Mission High School, SFUSD
Lauren Leimbach, Executive Director, Community Financial Resources
Vicki Joseph, Community Relations Officer, Citi Community Development
Vishnu Sridharan, Mission SF Community Financial Center
For more information on engaging working youth in the financial mainstream, read the latest research report, “Increasing Financial Capability among Economically Vulnerable Youth: MY Path.”