From Foster Care to Adulthood: The Role of Income

Clark M. Peters, Margaret Sherraden, Ann Marie Kuchinski

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

This study explores the role of income for young people with experience in foster care transitioning to adulthood. It draws on in-depth structured interviews with eight staff members and 38 current and former foster youths age 18 years and older, who were participants in an innovative program to build their assets and financial capability. Interviews took place in four sites in three states. This study illuminates how those with experience in foster care seek to obtain and manage money to transition successfully to adult financial roles. Findings suggest that early and practical experiences with money are important for gaining financial capability. The study also highlights the need for child welfare professionals to develop expertise in financial literacy and understand the pitfalls that lie in both traditional and nontraditional financial services. By deepening understanding among staff of the economic realities facing the young people today, child welfare agencies will be more likely to prepare former foster youths for life on their own.

Original languageEnglish (US)
Pages (from-to)39-58
Number of pages20
JournalJournal of Public Child Welfare
Volume10
Issue number1
DOIs
StatePublished - Jan 1 2016

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adulthood
Interviews
child welfare
income
money
Child Welfare
staff
experience
Economics
financial service
interview
assets
expertise
literacy
economics
Child Protective Services
Financial Statements
Literacy

Keywords

  • aging out
  • asset development
  • financial capability employment
  • foster care

ASJC Scopus subject areas

  • Developmental and Educational Psychology
  • Sociology and Political Science

Cite this

From Foster Care to Adulthood : The Role of Income. / Peters, Clark M.; Sherraden, Margaret; Kuchinski, Ann Marie.

In: Journal of Public Child Welfare, Vol. 10, No. 1, 01.01.2016, p. 39-58.

Research output: Contribution to journalArticle

Peters, Clark M. ; Sherraden, Margaret ; Kuchinski, Ann Marie. / From Foster Care to Adulthood : The Role of Income. In: Journal of Public Child Welfare. 2016 ; Vol. 10, No. 1. pp. 39-58.
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