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For many Americans, turning 18 marks the beginning of adulthood. For thousands of young people in foster care, it means aging out of the foster care system and losing access to support. With little preparation and financial resources, it can be a difficult transition.
According to the National Foster Youth Institute, more than 23,000 children will age out of the U.S. foster care system every year, and only 1 out of every 2 foster kids will have some form of employment by the age of 24 — 20% of the children who were in foster care will become instantly homeless.
Last week, first lady Melania Trump unveiled a new initiative designed to give eligible foster children access to Trump accounts, a tax-deferred savings account created under the One Big Beautiful Bill Act.
Read more: Trump accounts explained: How they work, who qualifies
For many Americans, turning 18 marks the beginning of adulthood. For thousands of young people in foster care, it means aging out of the foster care system and losing access to support. With little preparation and financial resources, it can be a difficult transition.
According to the National Foster Youth Institute, more than 23,000 children will age out of the U.S. foster care system every year, and only 1 out of every 2 foster kids will have some form of employment by the age of 24 — 20% of the children who were in foster care will become instantly homeless.
Last week, first lady Melania Trump unveiled a new initiative designed to give eligible foster children access to Trump accounts, a tax-deferred savings account created under the One Big Beautiful Bill Act.
Read more: Trump accounts explained: How they work, who qualifies
