California Connected by 25: Efforts to Address Financial Competency and Asset Development Among Transitioning Foster Youth

California Connected by 25: Efforts to Address Financial Competency and Asset Development Among Transitioning Foster Youth
May 20, 2009 Stuart Foundation

The California Connected by 25 Initiative (CC25I) is a collaborative effort of five foundations to improve the life prospects of youth transitioning out of foster care in California.  This report documents the Initiative’s progress made by the early implementing counties in the areas of Financial Competency and Asset Development. These efforts are intended to support current and former foster youth in the development of financial management skills, through youth-targeted financial literacy classes, and savings behavior through Individual Development Accounts (IDAs).  These efforts towards financial literacy and stability interact with other CC25I objectives in the areas of employment and transitional housing.