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Dear Friend,

Youth in our saving and credit-building programs are just entering the workforce and earning their first paychecks. Rather than turning to high-cost check-cashing outlets—losing their hard-earned income to fees—MyPath connects young people to technology and tools that support them to save, build credit and plan for the future.

Thanks to each of you for your support and partnership in this work
—we couldn't do it without you. It has been an incredible year for MyPath, full of growth, promising outcomes and increased opportunity! Some of the highlights of 2016 include:
 
Rigorous Study Published by the SF Fed Proves MyPath Works!
In April, the first ever experimental study on youth financial capability found that youth participating in MyPath Savings save 34% of their income and 96% met their savings goal. The study also shows that the MyPath experience changes participants’ mindset; they are more confident about their future and their ability to set and meet personal goals. Learn more by listening to the NPR All Things Considered segment featuring MyPath. 
 
New Technology for Scale Built and Tested
This year MyPath built and piloted its new MyPath Money mobile platform (pictured above), transforming our ability to set up new partner sites to deliver MyPath Savings. MyPath Money engages youth in four interactive modules to set savings goals, track expenses, build their budget and manage their new income. Additionally, it has all the tools for partner staff to deliver the program and seamlessly collect data to evaluate impact. 

From Two Cities to Eight, MyPath Grows Nationally
With proof of concept and our new platform, MyPath expanded from two cities to eight this year. More than 4,500 working youth in more than 50 youth employment programs are now banking, saving, building their credit, and thinking bigger about their futures.  
 
Help MyPath To Serve More Low-income Youth
With this new administration, it is more important than ever for MyPath to keep up the momentum and ensure that low-income working youth across the country have access to financial tools and upward mobility.

Thanks to your ongoing partnership, we expect to expand to six new communities in 2017! MyPath is geared up and ready with innovative technology, a growing staff and an increasingly influential presence as a national leader in the field. 

Will you donate today to empower thousands of low-income youth to make things happen for themselves, their families and their communities—beating the odds and achieving upward economic mobility?    
 
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Thank you and happy holidays ahead from the MyPath team!

-Margaret

 

 
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