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

U.S. courts are offering war veterans who face jail time the choice of rehabilitation. This helps them adjust to civilian life and reduces repeat offences.

Most insurance companies avoid insuring poor farmers because the transaction costs are too high, but a non-profit in Kenya created a sustainable way to cover them.

For first-time youth criminal offenders, the traditional American jury falls short in encouraging behavioral change and may even set the juvenile on a course for repeated crimes. Washington, DC’s Youth Court is a jury that tries juveniles for minor non-violent offenses and offers peer pressure to prompt positive behavioral change. The DC Youth Court is one of many in the United States that reduces crime and future court costs.

Millions of families of arrested individuals do not know what to do to help, how to obtain a lawyer, or what the process entails in the court system. Created by Albert Cobarrubius Justice Project, participatory defense is a type of community organizing that teaches and empowers people who face criminal charges. Individuals know how to work with attorneys in order to navigate the system and ultimately feel equipped to become drivers of their own change.

Neighborhood Trust is a New York-based nonprofit offering financial advice to individuals experiencing economic hardships. Providing hands-on coaching, counselors are able to inform their clients about financial options they may have otherwise not known about like college financial aid or child care tax credits.

The U.S. prison population is aging, which is costly because older inmates need more care. Some states have responded by creating special wards, having the young inmates care for the old, or building nursing homes.

With more and more Americans having to pay medical costs out of pocket, a small company out of Philadelphia called ELAP is on the front lines of the war against escalating charges. By helping overwhelmed patients to de-mystify and negotiate medical bills, they are ensuring patients get the best value and avoid egregious financial distress.

More women are being incarcerated around the United States and that has spurred more institutions to create prison nurseries, which allow women to be with their newborns. It's not a new idea, but it's finding support among prison advocates as well as budget hawks because research shows nurseries can lower recidivism rates among mothers. The idea of children in prison remains controversial however.

In the wake of Hurricane Sandy, necessity has bred an interesting kind of financial invention for the New York MTA: the world’s first “catastrophe” bond - a reinsurance for the insurer - designed to protect public transportation infrastructure, specifically against storm surge. These bonds privatize risk for public gain, creating a kind of tool that may protect economic development against all kinds of natural and man-made disasters around the world.

Cabarrus County’s Project Re-entry gives those experiencing incarceration a chance at an education and self-reflection. The program has shown such success that it is being expanded to other detention centers in the county. Those who take part are able to take classes – all taught by volunteers – like literacy and religious studies, or choose to enroll in programs like Alcoholics Anonymous or Narcotics Anonymous.