Access to financial services and financial education has helped youth (ages 15–24) in developing countries spend less time worrying about finances and more time in school concentrating on creating financial security for their future. People often do not consider youth, or a younger population, as needing access to financial services and tools. Youth are less likely to have stable sources of income than those over the age of 25 – making them more susceptible to major economic shocks such as family members’ deaths, medical emergencies, or loss of income sources. Access to financial services and improved financial education can help youth better prepare for their futures and avoid falling into poverty traps that have held back many in prior generations.

Youth Population

Age 15-24 by Country
The most common reason young adults in Uganda, Kenya, and Tanzania cite for not using mobile money is they do not have enough money to make transactions.

Financial Inclusion

financial inclusion of youth
Kenya and Tanzania have the greatest proportions of youth with mobile money accounts (50% and 47%, respectively).


youth savers by country
Over half (54%) of young adults in Uganda had borrowed money in the 12 months prior to the survey, the highest percentage among FII countries.

True or false

The primary reason youth in most countries give for not having a bank account is that they don’t need one.

False (The primary reason is lacking of money to use the account)

Above 30% of youth are financially literated in all FII countries.

False. (Financial literacy percentages in youth is below 30% in most of FII countries, except Bangladesh is at 32%)

Which country has the highest percentage of youth who are financially included?

India (67%)

True or false

Youth are more likely to be literate, and have the ability to send/receive SMS than are those 25 years old and over


True or false

African youth are more likely to have borrowed money in the previous year than youth in other FII regions.


True or false

The primary reason that mobile-money-aware youth in Bangladesh and Pakistan report not using a mobile money account is that they don't need to use mobile money.