What Happens When Girls Learn How To Save

Story Source: Room to Read ~ Go to Original Article

Vietnam ranked 103 out of 144 for financial service readiness in the 2015-2016 World Economic Forum’s (WEF) Global Competitiveness Report. At that time, seventy-three percent of the Vietnamese population did not have a bank account and only twenty-five percent of the population had a basic understanding of financial literacy. That rate is even lower in rural areas, especially amongst women.

At school, financial literacy is not an official subject and Vietnamese girls rarely learn the basics of saving. However, when girls learn more about the basics of budgeting as part of Room to Read’s Girls’ Education Program, everything begins to change………..