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Scott Bessent: “One in five [foster youth] will become homeless after aging…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Treasury Secretary Bessent talks about setting up Trump accounts for foster children

Published | Video Starts at 02:33

Now I'm delighted to see Mrs. Trump bring that same focus to the more than 330,000 young people who live in foster care, One in five [foster youth] will become homeless after aging out of the system, while only half will obtain gainful employment by the time they turn 24. This will be a game changer. Those outcomes are unsettling, but today we refuse to accept them as inevitable. Trump accounts will build long term financial security for millions of children and for foster youth in particular. (02:33–02:43)

CLAIM

Asserts that 20% of foster youth become homeless after aging out, and only 50% find employment by age 24.

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