The Department of Veteran Affairs expects to spend $57 billion in 2013. A significant part of that budget pays for nursing home care for elderly vets. This month, Washington Monthly magazine is exploring American wealth. Editor John Gravois wrote about the V.A. program that follows the foster care model.
Thousands of foster kids are released from the system at age 18 only to realize that they are thousands of dollars in fraudulent debt. It can take years for any target of identity theft to restore their credit, and even longer to recover a sense of security. Former foster kids without family support or the benefit of experience or access to resources can be especially challenged.