Financial Challenges Facing Young Adults: A Collaborative Approach to Finding Solutions

As we think about FinMango’s impact going forward, we want to shed light on the plethora of serious financial challenges that young adults around the globe face. 

Some of the primary obstacles are high levels of student debt, lack of affordable housing, and job security. These problems are magnified for climate migrants and refugees, who often face additional access barriers to education, housing, and employment. To improve the financial health of these groups, systemic change and collaboration are requisite. Governments, businesses, and other stakeholders need to address these issues multi-laterally to diagnose solutions. 

To help us better understand these challenges and share our findings, we are building a collaborative resource library that features reports from organizations like the Financial Health Network, UNSGSA, the Central Bank of Kenya, and many others. You can access the resource library and suggest new reports here: https://finmango.notion.site/Resource-Library-8e01dbbf7de94d2b944377040f38e0c6 

As an organization with empathy at its core, we are also introducing an ambassador program for young adults to share their experiences with our global community. From college students moving out of their dorms and into their first apartments to climate migrants and refugees learning new languages and adapting to new countries, we want to help tell your story. If you’re interested in sharing what financial health means to you personally, apply here: https://www.finmango.org/ambassadors 

We will dive into the details of this program in our next post!

Soham Patel & Sarah Cherian