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Individual Development Accounts for Foster Youth635303106

Individual Development Accounts for Foster Youth

By Qiana Torres Flores and Aubrey Hasvold | Vol . 22, No. 09 / March 2014

NCSL NewsNearly 26,000 young people “age out” of the foster care system annually, which means that between the ages of 18 and 21 they lose most or all public support. Suddenly absent of financial and social supports, foster children are vulnerable to unemployment and homelessness and often lack the resources to attain higher education, which can lead to reliance on public assistance. Individual development account (IDA) programs are one tool designed to help current and former foster youth successfully move forward in life.

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