In her work at a foster-care group home, Blaire Haggett noticed the young people faced a particularly intractable challenge. They would often earn money at jobs or receive money to support their needs, but could not open a bank account because they could not get a parental signature.
“I had asked five, six, seven banks and continuously was told no, they have to have a cosigner,” Haggett said. “It was just really unfortunate because kids’ money would disappear from the group home. They would have hundreds of dollars in cash that some had saved, some were working, and it just wasn’t safe.”
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