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PA Banking On New Program Providing Inmates With Financial Savvy To Succeed

Sara Hoover

October 08, 2018 |

WHYY |

Text |

Under 800 Words

Response Location: United States, Pennsylvania

Two state agencies in Pennsylvania collaborated to launch a program that trains inmates on financial literacy skills in an effort to curb recidivism. The Department of Corrections and the Department of Banking and Securities have reached more than 4,300 inmates through the classes, many of whom have been inside for years and may have never had bank accounts. Research found having a bank account is strongly correlated with not returning to prison and higher employment rates.

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