With challenges like rising education and housing costs, an increasingly insecure job market, and greater debt, young adults are facing significant barriers to economic mobility and financial security.
The Financial Health Network, in partnership with the Principal Foundation, launched the YouthCan Innovation Program in 2018. The initiative was designed to seek out innovators who were specifically focused on leveraging technology to address the financial insecurity faced by many young adults.
The innovators selected for the program are developing, testing and implementing new tools that can help youth 15-24 become more financially secure via economic opportunity and financial health.
Two innovators were selected to work with mentors from Principal and the Financial Health network during the year.
Learn More About the Innovators
More than 3 million students drop out of college every year due to small, time-critical financial crises. Edquity’s solution would provide students with resources to help them weather financial emergencies.
Too many young adults land their first job without having access to safe, quality financial tools and information—leaving them vulnerable to risky, dead-end financial paths. MyPath has in-person and online resources to put youth on the right track.
This initiative is made possible through the financial support of Principal Foundation.