The following studies were not included in rating MyPath Savings on the Scientific Rating Scale...

Loke, V., Choi, L., & Libby, M. (2015). Increasing youth financial capability: An evaluation of the MyPath Savings initiative. Journal of Consumer Affairs, 49(1), 97–126. https://doi.org/10.1111/joca.12066

The purpose of the study was to examine the impact of the MyPath Savings pilot on economically disadvantaged youth participating in a youth development and employment program. Participants received the MyPath Savings intervention. Measures utilized include questionnaires regarding socioeconomics, financial knowledge, and savings knowledge. Results indicate that MyPath Savings is highly relevant to participants’ needs. In addition, youth experienced significant increases in financial knowledge, financial self-efficacy, and the frequency with which positive financial behaviors were carried out. Participants also saved an average of $507 through MyPath Savings. Limitations include the lack of a comparison group or randomization, the use of study-developed measures without established psychometrics, and the racial/ethnic disproportionality of the participants. Note: This article was not used in the rating process due to the lack of a control group.

Loke, V. & Choi, L. (2015) Increasing youth financial capability: A subsample analysis of Asian American and Pacific Islander participants in the MyPath Savings Initiative. AAPI Nexus: Policy, Practice and Community, (13)1–2, 45–71. https://doi.org/10.17953/1545-0317.13.1.45

The study used the same sample as Loke et al. (2015). The purpose of the study was to examine the impact of the MyPath Savings pilot on economically disadvantaged youth participating in a youth development and employment program in San Francisco, California, with a subsample analysis of Asian American and Pacific Islander (AAPI) participants. Participants received the MyPath Savings intervention. Measures utilized include questionnaires regarding socioeconomics, financial knowledge, and savings knowledge. Results indicate that AAPI youth experienced significant increases in financial knowledge, financial self-efficacy, and the frequency with which positive financial behaviors were carried out. AAPI participants also saved an average of $566 through MyPath Savings. Gains in financial capability were mostly independent of the youths’ race, gender, household income, and public benefits receipt. Limitations include the lack of a comparison group or randomization and the use of study-developed measures without established psychometrics. Note: This article was not used in the rating process due to the lack of a control group.