@article{THESIS,
      recid = {2516},
      author = {Sarathy, Sanjana },
      title = {Empowering Underserved Youth Through Financial Capability},
      publisher = {University of Chicago},
      school = {B.A.},
      address = {2018-06},
      number = {THESIS},
      abstract = {Every summer, thousands of young people in Chicago  participate in the city’s summer youth employment program,  One Summer Chicago (OSC). Through this program, youth are  matched with a paid summer experience where they develop  key job readiness skills and explore various potential  careers. The youth participating in this program are often  minorities from low-income communities, with limited access  to financial services that many of their more affluent  peers have. For example, youth from these underserved  communities rely on expensive services like check cashing  that discourage savings, to gain access to their summer  earnings. To combat the problems facing these unbanked  youth, OSC can serve as a natural intervention point to  help develop “financial capability” and provide access to  safe and appropriate traditional financial resources. Most  of the existing research on summer youth employment focuses  on the impact of participation on crime rates, school  performance, and long-term employment, but not financial  capability. This paper examines the information and  resources OSC provides to its participants to become more  financially independent with a focus on savings, and  suggests specific changes OSC can implement to make  financial capability delivery more effective to its youth  participants.},
      url = {http://knowledge.uchicago.edu/record/2516},
      doi = {https://doi.org/10.6082/uchicago.2516},
}