wealth equity lab
Our Youth Financial Capability Design & Innovation Hub
MyPath’s Wealth Equity Lab (WELab) is the first of its kind youth financial capability design and innovation hub. More than 300 consultants and volunteers work alongside MyPath staff and youth leaders to develop innovations that build pathways to wealth-building for BIPOC youth.
Past WELab Projects
- MyPath Savings Model
- MyPath Credit Model
- MyPath Financial Mentoring Model
- Piloting Card-Based Banking Products in Financial Deserts
- Hilltop High School Guaranteed Income Pilot for Pregnant & Parenting Teens
- Santa Clara County Guaranteed Income Pilot for Transition Age Foster Youth
Current WELab Projects
WELab Partners
BUILDING THE FIELD OF YOUTH FINANCIAL CAPABILITY
Our findings are shared with the youth financial capability field through partnerships with the National Youth Employment Coalition and Aspen Institute-sponsored groups such as the Consumer Insights Collaborative, nLIFT, and the Opportunity Youth Forum.
Additionally, MyPath leverages partnerships with regulatory bodies such as the FDIC Advisory Committee on Economic Inclusion and the Consumer Financial Protection Bureau to demonstrate the impact of early and ongoing financial capability interventions on wealth-building toward advancing youth financial inclusion.
JOIN OUR GROWING HUB OF INNOVATORS
To join the WELab, contact [email protected]
“I choose to engage with MyPath to support eliminating the racial wealth gap, bring financial capability resources to youth and other nonprofits; and to try to change systems that create barriers to financial capability through policy and programs.”
– Kimberly Johnson, MyPath Board Member
