As part of its focus on assisting vulnerable youth making the transition to adulthood, BNY Mellon has published a new report about the challenges of youth aging out of foster care, an issue that affects more than 25,000 young people in the United States annually.
Entitled “Pathways: When Johnny Ages Out,” the report outlines the unique challenges faced by this population, which include a scarcity of housing and jobs and financial stress due to gaps in their education. Twenty percent of youth experience homelessness in the first few years after aging out of foster care, and ninety percent earn less than $10,000 annually in the 12-18 months after they age out.
To read the full report, please click HERE.