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Summary

Budgeting and Financial Education Services offered financial education about assets, asset building, and taxes, with the aim of improving financial well-being and employment and supporting asset building among youth in foster care.

Budgeting and Financial Education Services included providing information about financial assets and asset building, such as how to open a savings account, and information about taxes and tax filing assistance through the Chafee Foster Care Independence Program (CFCIP). The program served youth in foster care who turned 17 in 2011. Youth could receive services at any point between March 2011 and September 2015. Services were offered to youth across the United States. Program participants could also receive any other CFCIP-offered services, including other asset-building services such as postsecondary education services.

26913.01-Study of Asset-Build
Populations and employment barriers: Young adults (age 16-24)

Effectiveness ratings

  • Well- supported
  • Supported
  • Mixed support
  • Not supported
  • Insufficient evidence
  • Cannot assess support

Studies of this program

Study quality rating Study counts per rating
Low Low 1
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Implementation details

Characteristics of research participants
Black or African American
32%
White
53%
Asian
1%
American Indian or Alaska Native
2%
More than one race
5%
Unknown or not reported
7%
Hispanic or Latino of any race
18%

The race and ethnicity categories may sum to more than 100 percent if the authors reported race and ethnicity separately; in these cases, we report the category White, rather than White, not Hispanic.

No state or region specified.

Pathways to Work refers to programs by the names used in study reports or manuscripts. Some program names may use language that is not consistent with our style guide, preferences, or the terminology we use to describe populations.