“Fostering the Future Accounts” Expand Opportunity for Youth in Foster Care

Washington, DC – The America First Policy Institute (AFPI) released the following statement from Kellyanne Conway, AFPI Chair of the American Child, in response to First Lady Melania Trump and Treasury Secretary Scott Bessent’s announcement of “Fostering the Future Accounts,” savings and investment accounts designed to benefit the roughly 330,000 children currently living in foster care across the United States:

“I was honored to attend today’s event with First Lady Melania Trump and Secretary Bessent to mark this important step forward for foster care youth. All children deserve an opportunity to thrive and to succeed. Fostering the Future Accounts furnish these children with a foothold in the American economy as they prepare for adulthood and independence. By providing access to savings and investment tools early, these accounts help ensure that foster youth are not left behind when it comes to building assets and planning for their futures. The First Lady continues to lead with compassion and purpose, turning attention into action for some of our nation’s most vulnerable children.”

Part of the First Lady’s Be Best campaign, Fostering the Future Accounts are specifically designed to address the unique challenges faced by youth in the foster care system, particularly those aging out without permanent family connections or financial resources. For foster youth, even modest financial assets can make a meaningful difference in securing housing, pursuing education, or entering the workforce.

To learn more about AFPI’s work on foster care and adoption, click here. To learn more about AFPI’s work on the American Dream, click here.