Dr. Clark Peters recently presented at a briefing organized by the Senate Caucus on Foster Youth, joining a panel discussing the impact of identity theft, poor credit scores and financial literacy barriers on youth transitioning from foster care. Foster youth are less likely than their peers to be aware of their rights as a consumer and to be skilled in financial matters. Their involvement in state care makes them particularly vulnerable to identity theft. Without the support of a stable family, they face considerable risks in navigating today’s complex financial world as they transition to adulthood.
The congressional briefing, “Financial Literacy and Consumer Credit Issues Facing Transition-Age Youth,” was held in conjunction with Financial Literacy Awareness Month.
Dr. Peters is an associate professor in the MU School of Social Work, and holds a courtesy appointment at the School of Law.