Enduring Assets

The Financial Lives of Young People Transitioning from Foster Care

By the Annie E. Casey Foundation, University of Missouri

May 4, 2012

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.  

Table of Contents

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 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.  

Findings & Stats

Statements & Quotations