YPII is one of 15 sites across the country participating in Opportunity PassportTM, a package of resources designed by the Jim Casey Youth Opportunities Initiative that teaches young people who have been in foster care how to manage their finances, and matches their savings toward approved asset purchases such as a car to get to work, a computer for school, or housing. The Jim Casey Youth Opportunities Initiative, a national foundation that supports young people transitioning from foster care into adulthood, commissioned a recent report that examines the impact of this matched assets and financial education program on young people aging out of foster care. Carol Behrer will discuss the report’s findings, her experience on the ground in Iowa, and the importance of programs that target asset accumulation among vulnerable young people in the child welfare system.
Enduring Assets: Findings from a Study on the Financial Lives of Young People Transitioning from Foster Care
By Clark Peters, PhD JD AM; Margaret Sherraden, PhD AM; and Ann Marie Kuchinski, MA
This report, published in September 2012, examines the impact of the Opportunity Passport‘s asset matching and financial education resources in the lives of young people aging out of foster care. The report found that these supports have a tangible impact on the ability of young people to lead financially stable lives long after they have left the foster care system. This summary presents major findings of the full report. For more information, download our news release.
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