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> Posted by Center Staff
Today marks 2013’s International Youth Day, a day set aside for governments and individuals around the world to bring attention to youth issues. First designated by the United Nations in 1999, this year’s day is themed “Youth Migration: Moving Development Forward,” and seeks to raise awareness of the opportunities and risks associated with youth migration, share knowledge coming out of recent research and analysis, and engage stakeholders, including youth migrants, in discussing their experiences and in taking action.
Globally, there are about 214 million migrants, with more than 10 percent of these being youth. Like all who migrate, youth face serious rewards in departing their native country, such as economic opportunities and escaping persecution, as well as serious risks, such as discrimination and inadequate living conditions. Youth migrants also face particular challenges, like a heightened vulnerability to sexual abuse and exploitation.
In UN Secretary General Ban Ki-moon’s message for this year’s Youth Day, he indicated that too little is known about youth migrants’ struggles and experiences. For ways to get involved, including channels for sharing personal experiences, visit the UN website, here.
In the Roadmap to Financial Inclusion, the Financial Inclusion 2020 is creating an action agenda to advance financial inclusion for all client segments, including youth and migrants. To learn more about the Roadmap and to explore becoming a Roadmap reviewer, visit the FI2020 website, here. FI2020 also offers the opportunity to engage with financial inclusion among youth and migrant segments through the Mapping the Invisible Market initiative’s interactive data tools. With the Data Explorer, you can create visualizations illustrating how changing economics, technologies, demographics – including on youth and migration – and other variables are affecting financial inclusion. Check out the Data Explorer, here.
> Posted by Jeffrey Riecke, Communications Assistant, CFI
Andre Rison is one of the athletes that speaks about money management in ESPN’s “Broke.”
We talk a lot on this blog about financial inclusion as it relates to specific population segments. But one group we never expected to cover is professional athletes. That is, until now…
ESPN recently aired a documentary aptly titled Broke. The film investigates why professional athletes in the United States – namely football and basketball players – have such a hard time managing their money. “By the time they have been retired for two years, 78 percent of former NFL players have gone bankrupt or are under financial stress; within five years of retirement, an estimated 60 percent of former NBA players are broke,” the film begins.
Now, if you’ve been exposed to professional sports in the United States, you’ve probably noticed that the celebrity culture surrounding top athletes includes extreme purchasing. Lots of clothes, jewelry, cars, houses. But there’s more to athletes’ financial mismanagement than big buying.
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