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Youth Saving Preferences In Sub-Saharan Africa And The Potential For Asset Accumulation, David Ansong, Gina Chowa
Youth Saving Preferences In Sub-Saharan Africa And The Potential For Asset Accumulation, David Ansong, Gina Chowa
Center for Social Development Research
As youth transition to adulthood, their ability to save and accumulate assets becomes very important as they begin to accept financial responsibilities and plan for the future. This paper uses data from Masindi, a rural area in Uganda, to (a) investigate the savings preferences of youth in Sub-Saharan Africa (SSA), (b) examine the relationship between an asset-building intervention for youth and higher savings, and (c) determine whether gender and marital status interact in their effect on young people’s savings in SSA. Univariate statistics, independent sample t-test and factorial analysis of variance (ANOVA) are used to address the study’s three goals. …