Youth in developing countries prove receptive to saving

November 2013
Journal of Business (10756124);11/7/2013, Vol. 28 Issue 23, p28
Trade Publication
The article discusses the study YouthSave related to default on credit cards conducted by the W. P. Carey School of Business, located at Arizona State University in Phoenix and the Federal Reserve Bank of Richmond, Virginia. According to the study young credit card users default less compared to middle age borrowers. Services including financial education, account enrollment, and depository services offered by financial institutions in schools in Ghana, Nepal, and Kenya are also discussed.


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