Savings for youth: a review of evidence

This report is based on an in-depth review of 44 studies that examine the effects of a range of youth savings initiatives. The definition of youth in this sample of studies ranges from 5–36 years, with most savings interventions focusing on the 13–25 age range.

The 44 studies represent a subset of the recent Savings Evidence Map developed as part of the Mastercard Foundation Savings Learning Lab. The studies either document the outcomes of initiatives that focused on youth as the target market (34) or document the outcomes of general savings interventions that included youth-disaggregated information (10). Additional literature, such as learning briefs and research from the wider financial inclusion agenda, has also been reviewed to provide additional context and nuance to our findings.

This report was developed as part of the Mastercard Foundation Savings Learning Lab. The report draws on contributions from Jenny Morgan, Megan Gash, Aurelie Larquemin, Diana Dezso, James Robinson and Helen Bailey.