Working Paper 59 `Saving Behaviour and Financial Inclusion of Vulnerable Working Children: A Case of Bangladesh’

While there are many programmes and campaigns to stop child labour, the fact remains that they still continue to work. This is a common phenomenon especially in under developed and developing world. Therefore, savings initiatives for vulnerable street and working children have been garnering policy attention so that they can be brought under financial services. This paper addresses few key issues regarding the saving behaviour of working street children; i) What are the key socio economic
characteristics of the children who save; ii) What factors influence the saving performance of children in terms of utilisation of savings, and finally iii) What are the policy challenges need to be addressed if working children are given financial services.The result shows that income and financial strength of the family plays an important role in influencing the working children to save. It is also found that the female saversutilise the savings more effectively than male savers.Lastly, the paper suggested some policies aiming to foster financial inclusion of children and financial capability.

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