Report

This report shares select statistics and stories from the Opportunity Passport’s first five years. Readers will also learn how the program — developed by the Jim Casey Youth Opportunities Initiative — is connecting young people with essential financial opportunities as they transition from foster care.   

June 5, 2009

In This Report, You’ll Learn

  1. 1

    Financial hurdles that young people face as they exit foster care.

  2. 2

    How the Opportunity Passport program works.

  3. 3

    How program participants succeeded in saving and purchasing assets.

  4. 4

    Policy moves that support asset building in young people exiting care.

Key Takeaway

Young people exiting care have missed out on key money management experiences

Young people aging out of foster care often lack the basic financial skills necessary for economic success. Enter Opportunity Passport, which offers a matched savings account that gives these youth a critical chance to manage their finances, interact with the mainstream banking system and set aside money to purchase assets.  

Findings & Stats

Statements & Quotations