Care Leaver Finances

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 12 January 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

It takes a lot to get started in adult life - finding a flat, learning to budget, perhaps heading to university or a first job.

Many new adults rely on their parents for help but more than 10 thousand young people a year leave the care system. In this edition of Money Box Live, Felicity Hannah, care leavers, a foster parent and a panel of experts discuss what support is on offer for young people leaving care.

We hear from Callie, Mark, Chantel and Elias about their lives in care and how they have been treated by the system in relation to their financial entitlements. Joining them are Carrie Wilson Harrop, Young Persons consultant at The Care Leavers Association; Sam Turner, Policy and Participation Manager at BECOME, a national charity for children in care and young care leavers and Eilidh Malcolmson, a team leader who works with the continuing care and aftercare social work team for North West Glasgow.

www.becomecharity.org.uk - helpline 0800 023 2033 or [email protected]

www.careleavers.com

Producer Smita Patel Editor Emma Rippon

Transcript

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0:00.0	On a winter's night in 1974, a crime took place that would obsess the nation.
0:07.0	It was an extraordinary news story.
0:09.0	The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny,
0:14.0	mistaking her for his wife, then somehow just disappeared.
0:18.0	One of the great mysteries in English criminal history. We're still looking for Lucan.
0:21.6	It's honestly one of the most powerful stories of my lifetime.
0:25.6	I'm Alex Fondunzelman.
0:26.6	This is The Lucan Obsession.
0:28.6	Listen on BBC Sounds.
0:31.6	BBC Sounds, music, radio, podcasts.
0:36.6	Welcome to the download of Moneybox Live, the programme about your money.
0:41.2	Today we're talking about the finances of leaving care because most of us will remember the challenges of entering adulthood and the many potential pitfalls.
0:50.9	But it can be even more challenging for young people leaving the UK's care system.
0:55.9	Without the safety net of the Bank of Mum and Dad, finding their feet financially can be even
1:00.5	harder. And if you don't get the right kind of support, it can harm your future earnings and even
1:05.3	your life chances. So it could not be more important. We have an expert panel, but before we meet them, let's take a call.
1:12.7	Callie is on the line. Kelly, good afternoon.
1:15.3	Hello, good afternoon. Thanks very much for joining us. Now, you've experienced the care
1:19.1	system in England. Can you tell me a bit about how long you were in care?
1:24.3	Yeah, so I went into care around about 13 and obviously worked 18 as a care leaver.
1:29.4	And you're only 20 now, I understand. So you left care just two years ago. What support did you get and have you had since then?
1:38.9	I had support like obviously running up to being a care leaver but actually being a care leave at south um not very
	...

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