Program Specifics
The Opportunity Passport program provided participants with professional financial guidance as well as a debit and savings account, plus opportunities to earn stipends and savings matches.
This report examines the financials habits, perspectives, struggles and success of Opportunity Passport program participants. Developed by the Jim Casey Youth Opportunities Initiative, Opportunity Passport aims to offer critical financial practice and guidance to youth who are transitioning out of foster care.
Young adults in foster care are thrust into adult financial responsibilities earlier and more abruptly than their general population peers. At the same time, these youth grow up shortchanged on important financial socialization opportunities. They often miss out on owning a piggy bank, earning an allowance, listening to dinner table discussions about saving and investing, and even the simple benefit of trips to the bank with an adult.