Children and youth as economic citizens: Working towards an integrated financial education approach

Abstract

Most countries lack a policy infrastructure that supports both financial education and access to financial services for young people. Additionally, many lack a specific focus on reaching out-of-school youth. This chapter argues that financial literacy should be combined with access to reliable financial services and a broad life skills and livelihoods education. It uses data collected through Child and Youth Finance International (CYFI's) collaboration with governments on these strategies. It additionally examines three unique policy approaches that promote savings and asset building in sub-Saharan Africa. The region is making strides in incorporating financial education into national school curricula. Moreover, governments in Uganda, Ghana, and Zambia have set nationwide targets to reach youth with financial education and financial services.