Personal finances and transition into independent living

Do local authorities provide support that care leavers need to help them manage?

“The current cost-of-living crisis is exacerbated for young people who are care-experienced as they also face a cliff-edge – where financial and in-kind support ends abruptly during their transition to adulthood. Furthermore, wider outcomes for care leavers are poor when compared with the whole youth population: they are more likely to be unemployed, not in education, and at higher risk of homelessness. From MyBnk’s long experience of supporting care leavers with their money, and from undertaking this research, it is abundantly clear that financial education for these young people is too important to ignore.”

Download/Read the PDF of this research at…

Source: MyBnk-Care-Leavers-Research.pdf

SocialWorkToday source:

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