Conditional cash transfers have come to play a prominent role in the social policy landscape in Latin America and especially in Brazil in recent years. Evaluations of their impacts, however, have focused on limited short-term outcomes, particularly consumption and school enrolment and attendance rates. Long-term outcomes have received comparatively little attention. This article reviews the existing evidence on the long-term impacts of CCTs, focusing on the underlying assumptions in the CCT model for intergenerational poverty reduction. In doing so, it questions the notion that CCTs can indeed interrupt the intergenerational cycle of poverty through human capital investments that are thought to lead to expanded opportunities in the labour market. Moreover, it highlights the need for more research on the social processes that may influence young beneficiaries’ life trajectories and experiences in poverty.

As cash transfers have become key tenets of social protection systems in the global South, much effort has gone into evaluating their outcomes. Less attention has been paid, however, to young beneficiaries’ experiences of cash transfers and the contextualised and differentiated impacts on their lives at the micro-level. Based on a qualitative study of young recipients of Brazil's Bolsa Família programme, this article explores the factors that shape young people's schooling trajectories. The article demonstrates the complexity of young people's lives vis-à-vis the CCT policy model; particularly, how their trajectories do not conform to its linear logic, but rather reflect a more complex interaction of gender norms and social and economic inequalities. The tension between the linearity of the policy model and these differentiated and gendered trajectories in turn complicates how young people navigate the transition to social adulthood, by marking out ‘problematic’ vs ‘successful’ transitions and trajectories.

This article considers the transformative potential of conditional cash transfers to address intergenerational poverty. Drawing on empirical evidence collected through qualitative research in the northeast of Brazil, it traces notions of intergenerational change and continuity amongst young recipients of the Bolsa Família programme (BFP) and their families. It argues that the BFP has contributed to raising expectations and aspirations of social mobility, through a policy narrative that explicitly links education to poverty reduction alongside some relatively limited but nonetheless significant intergenerational changes in material conditions and access to education. However, rising aspirations have not been matched by a concomitant expansion of opportunities available to poor young people in education and the labour market. The article thus highlights the contradictions that arise between policy narratives, the aspirations these narratives engender, and the realities of young people's everyday lives.