Perfect Storm of Issues Puts Youth Financial Progress at Risk - Solutions Needed

A "perfect storm" of factors is threatening financial progress for youth, including low savings rates, unbanked households, and a lack of emergency funds.

Financial education in schools is critical but now at risk due to budget cuts and teacher shortages post-pandemic.

We must prioritize access to financial education, banking services, and career-connected learning to unlock financial opportunities.

Specific ideas include digital resources for families, connections to mentors, and easier account opening.

Collaboration between public and private sectors is needed to drive progress on this massive challenge.