Across the country, a number of local governments are increasing the availability of youth savings opportunities for families, with the goal of improving the likelihood that students of limited means enroll and persist in higher education. This brief details why city leaders are investing in youth savings initiatives, provides details on how these programs operate, and highlights how cities have gotten started doing this critical work.

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Related Impacts

Report
August 9, 2018

CFE Coalition City Expert Topics: Launching an Office of Financial Empowerment

Brief details why and how municipal leaders have invested in Offices of Financial Empowerment.
Report
January 28, 2016

Summer Jobs Connect Youth Account Priorities

These programmatic Youth Account Priorities outline features that Summer Jobs Connect city partners prioritized in transactional accounts for participants.
Report
January 28, 2016

Summer Jobs Connect Youth Account Priorities

These programmatic Youth Account Priorities outline features that Summer Jobs Connect city partners prioritized in transactional accounts for participants.
Report
March 3, 2015

More than a Job: Lessons from the First Year of Enhancing Municipal Summer Youth Employment Programs Through Financial Empowerment

The Summer Jobs Connect (SJC) initiative, generously supported by Citi Foundation, leverages the scale and infrastructure of Summer Youth Employment Programs (SYEPs) to offer banking access and other financial empowerment opportunities, helping to transform a summer job into an on-ramp to the financial mainstream.
Video
November 15, 2017

Summer Jobs Connect: Youth Voices Video

Summer Jobs Connect participants share their stories about the impact of financial empowerment integration in their summer jobs.
Infographic
January 21, 2016

Tax Time: The Right Moment for Savings

Piloted at select free tax preparation sites in four cities, SaveUSA is a simple tax time matched savings program — tax filers who deposited part of their refund into a designated account, and maintained the deposit for a year, received a 50% savings match up to $500.
Report
January 21, 2016

The SaveUSA Playbook: A Tax Time Approach to Short-Term Savings

Piloted at select free tax preparation sites in four cities, SaveUSA is a simple tax time matched savings program — tax filers who deposited part of their refund into a designated account, and maintained the deposit for a year, received a 50% savings match up to $500.