The Path to Financial Health Begins in Adolescence

Originally published by CGAP on October 22, 2019 By the age of 10, many young people have already started to form financial behaviors that will be with them for life. It is well established that these capabilities will evolve and solidify as they progress through the multiple stages of youth development, starting with early adolescence and progressing into young adulthood. But is the financial inclusion community considering youth’s developmental stage as we design programs to strengthen young people’s core capabilities for lifelong financial health? Myriad factors influence how youth learn to earn and use money, ranging from the financial practices modeled by caretakers or friends to the sk