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Press Release: Citi Supports Teach Children to Save Campaign to Help Educate And Prepare Kids for Positive Financial Futures
Citi will once again help thousands of young students across the country receive basic financial education as the bank supports American Bankers Association's (ABA) annual Teach Children to Save campaign for the 15thconsecutive year. The national program, designed to encourage local youth to develop positive financial habits early in life, marks April 24th as Teach Children to Save Day to raise awareness of the importance of teaching children about saving. Beginning in March and continuing for months after Teach Children to Save Day, hundreds of Citi volunteers will teach thousands of children in grades K-12 in classrooms and after-school programs in financial education events in major cities across the country.
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- Education
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- savings
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The IRS’s Secret, Successful Low-Income Savings Program
While April 15th is generally referred to as “tax day,” that’s true for less than 20 percent of filers. For most working households tax day falls in February or early March. It’s the day when they receive their refunds, not when they file.
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The Slow Global Spread of Savings Accounts
Last year, researchers travelled around the globe to talk about personal finance with a hundred and fifty thousand people, representing a range of socioeconomic classes, and living both in cities and in remote, rural parts of more than a hundred and forty countries.
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NexThought Monday – It’s a Small World, After All?: Financial Diaries research reveals that the financial lives of low-income families in Kenya and the U.S. aren’t so different
In countries from Bangladesh, India and South Africa to Kenya and the United States, Financial Diaries studies have tracked the daily financial transactions of low-income people over time. The leaders of the Kenya Financial Diaries project compare their findings to a similar study in the U.S.
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- Education
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One-in-Three U.S. Adults Has No Emergency Savings Despite Improving Economy, Says New Survey
An improving economy has done little to help people prepare for a financial emergency, with 34 percent of adults in America -- more than 72 million people -- saying that they don't have any emergency savings, according to the second annual financial capability survey from NeighborWorks America. That is up from 29 percent of adults reporting no emergency savings in the similar survey one year ago.
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NexThought Monday – Everybody Loves M-Shwari: So why isn’t everybody using the mobile banking service?
M-Shwari, a mobile service that offers access to formal credit and savings in Kenya, has received tremendous attention from the media, as well as praise from digital financial services advocates. But has this attention led to strong consumer awareness, and if so, has that awareness translated to improved financial access? InterMedia shares the results of their long-term evaluation.
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Investing in Airtime: How an unlikely financial innovation is promoting economic security for girls in South Africa
Only 37 percent of women In the developing world have bank accounts, yet research has shown that poor women are inherent savers. Stellar has created an open source payments platform that’s being used to provide a mobile wallet in South Africa focused on promoting savings among girls. The wallet has a unique feature: along with cash deposits, it lets users deposit mobile airtime, and withdraw it later as cash.
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- Technology
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January’s Most Viewed, Most Shared Posts: Forward progress in inclusion – from finance to the crowd
January’s most-read and most-shared posts on NextBillion took a decidedly forward-looking posture to financial access. And why not? It’s the start of a new year and we have several reasons to be excited for 2015.
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- Technology
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- savings
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