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Boosting the Power of Youth Paychecks: Integrating Financial Capability into Youth Employment Programs

When and where

Date and time

Location

Federal Reserve Bank of San Francisco 101 Market St San Francisco, CA 94105

Map and directions

How to get there

Description

Join the Federal Reserve Bank of San Francisco and MyPath to share lessons, proven practices and what's next in "boosting the power of youth paychecks" by integrating financial capability into youth employment programs. This half-day event will include local and national leaders from: municipal youth workforce programs; financial institutions; nonprofits; philanthropy; and local and federal government agencies, all sharing what they are doing to scale effective practice. We will also hear first-hand from youth participants in "MyPath Advocates," a youth leadership and economic justice program about why banking and saving matters to low-income working youth.

Special guest speakers Michael Sherraden, Director of the Center for Social Development at Washington University in St. Louis, and Margaret Sherraden, Founder's Professor of Social Work at University of Missouri--St. Louis, will discuss the growing opportunity to engage the youth workforce system and the power of building youth financial capability for improving broader outcomes.

There is tremendous national interest in this approach pioneered in San Francisco, evidenced by the Department of Labor's new financial literacy requirement for Workforce Investment and Opportunity Act grantees and the Consumer Financial Protection Bureau's YES technical assistance initiative.

In addition, we will provide copies of a timely new report, "Boosting the Power of Youth Paychecks: Integrating Financial Capability into Youth Employment Programs," published by the SF Fed in partnership with MyPath and Vernon Loke of Eastern Washington University. The report summarizes the results and lessons from a two-year study of MyPath Savings funded by the Center for Financial Services Innovation, the first experimental design study conducted on a youth financial capability model in the country.

There is no cost to attend this event, but advance registration is required by March 29th for security purposes.

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