This report turns the lens on young people who age out of foster care and explores four areas — education, early parenthood, homelessness and incarceration — where they fare worse than their general population peers. Readers will learn the economic cost of this shortfall and see how targeted interventions can help these youth while also erasing billions of dollars in unnecessary costs.
Nearly 5,300 more youth would graduate high school each year. The economic impact? A $2.17 billion increase in lifetime earnings.
About 2,870 fewer women would become mothers by age 19. The economic impact? $295 million in cost savings over the first 15 years of a child’s life.
Some 4,870 fewer youth would experience the juvenile justice system. The economic impact? $1.6 billion in cost savings on detention and incarceration.
Approximately 4,370 fewer youth would experience homelessness. The economic impact? $9.6 million in cost savings on temporary shelter beds.