Enduring Assets

The Financial Lives of Young People Transitioning from Foster Care

Updated August 16, 2026 | Posted May 4, 2012
By the Annie E. Casey Foundation, University of Missouri
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Summary

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.  

Findings & Stats

Statements & Quotations

Key Takeaway

Youth in foster care often lack consistent, positive role models who can help them prepare for financial success

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 often miss out on important financial socialization opportunities, from owning a piggy bank and earning an allowance to listening to dinner table discussions about saving and investing. A consistent, positive role model can introduce young people to these opportunities and help them enter adulthood better prepared for financial success.