- 415, O50, P51 -

BIPOC Youth Face Systemic Barriers to Financial Inclusion do not feel comfortable going to a bank to ask a question report an average below average or poor credit score do not have a savings account do not have emergency savings FINRA Foundations National Financial Capability Study 2021 Solutions from the Nations Leading Expert in Youth Financial Capability MyPath designs tests and scales innovative youth financial capability interventions that engage young people as they earn their first income and begin their financial lives. By reaching youth at this key inflection point our models provide a financial and economic boost while preventing costly financial challenges that prohibit wealth building. Our Approach We partner with youthserving organizations including nonprofits cities and financial institutions to connect underresourced BIPOC youth with the financial knowledge tools and resources they need to begin banking saving and building credit so that they can successfully transition into adulthood and get on a path to upward economic mobility. Field Awareness Building Design Innovation Delivery Scale Advocacy Policy 35800 youth reached since 2015 report an increase in financial knowledge and confidence of participants are BIPOC set aside emergency savings after Financial Mentoring see an improved FICO credit score average amount committed to savings from each paycheck AS SEEN IN Fighting Income Inequality Is About More than Jobs Gen Z writes its own rules for financial security Gen Z Is Poised to Spend More on Debt Than Others.