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Manila Bulletin devider Philippines devider National devider Raising financial literacy among youth, young adults: CDA launches Global Money Week 2022

Raising financial literacy among youth, young adults: CDA launches Global Money Week 2022

Published Mar 22, 2022 06:16 pm

Instilling the importance of financial awareness and financial savings among the youth, the Cooperative Development Authority (CDA) launched the Global Money Week 2022 as a national campaign.

CDA, on Tuesday, March 22, said that at least 421 individuals attended the virtual event, while over 500 users accessed the launch via Facebook streaming on Monday, March 21.

(Image courtesy of Cooperative Development Authority)

“CDA’s initiative to advocate financial literacy through the Global Money week is an important step to change the youth’s mindset about savings,” said CDA.

Among the speakers of the event were CDA Chairperson Joseph Encabo, National Youth Commission (NYC) Chairperson Ronald Cardema, and CDA Regional Director Marieta Hwang.

Encabo highlighted the importance of financial literacy among youth by reiterating that this not only “ensure their savings,” but also “promote the sustainability” of cooperatives as well as the Filipino people.

Cardema, on the other hand, pointed out that CDA’s initiative increases the youth’s mindset about financial literacy as banking and savings are “not common” among the Filipino youth.

“The Global Money Week is an international awareness-raising campaign spearheaded by the organization for economic cooperation and Development International Network on Financial Education,” said CDA.

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GLOBAL MONEY WEEK Cooperative Development Authority (CDA)
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