Tuesday, December 28, 2010

How Much Does It Cost Us NOT to Invest in Emancipating Foster Care Youth?

Cost Avoidance by Investing in Transitional Foster Care Youth

A cost analysis by Cutler Consulting in 2009 estimated that the involvement of former foster youth in the criminal justice system costs in excess of $4 billion over the lifetime of each annual cohort of youth exiting foster care.

The cost associated with a higher than average pregnancy rate for youth aging out of foster care is 15 years X $7,708,490 (the cost per year) = $115,627,350 for each cohort year.

Raising the graduation rate of one year’s cohort of youth aging out of foster care to the national average would result in increased earnings and lowered public costs of more than $1 billion.

Source: Cost Avoidance Bolstering the Economic Case for Investing In Youth Aging Out of Foster Care. Cutler Consulting, 2009.

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