A Consideration for Increasing Post-Release Financial Success

Abstract

There is an ever-growing body of research indicating the importance and effectiveness of correctional programming. The main goal of release is autonomy, which includes financial independence. This can be achieved not only through employment, but also having the financial capability to budget, pay bills, and properly handle one's finances. It is important to understand the perceptions of financial literacy and its relationship with release in order to create effective programming. This study fills a gap in the literature that explores predictive factors regarding the attitudes and perceptions of inmates regarding their financial matters and choices. Aspects of incarceration (e.g. length of time incarcerated, number of times incarcerated, and type of crime) were found to be associated with financial attitudes, anticipated post-release social support, and perceptions of control over financial behavior for transitional center residents within six months of release.

Financial capability: a systematic conceptual review, extension and synthesis

“…, 2016), student loan holders (Xiao et al. , 2020) and inmates (Mielitz and Marcum, 2020). In particular, a set of studies have examined financial capability among people with health problems, such as people with a neurodegenerative disease (Bangma et al.…”

“…Researchers have explored the financial capability of special populations such as business owners (Silva et al, 2010), microfinance clients (Chidambaranathan and Guha, 2020), foster care youth (Peters et al, 2016), student loan holders (Xiao et al, 2020) and inmates (Mielitz and Marcum, 2020). In particular, a set of studies have examined financial capability among people with health problems, such as people with a neurodegenerative disease (Bangma et al, 2021), mentally disabled persons (Lazar et al, 2016), mental health consumers (Caplan, 2014), mental health court participants (Cuddeback et al, 2017), youth with Autism Spectrum Disorder (ASD) (Cheak-Zamora et al, 2017), people with substance use disorders (Jones-Sanpei and Nance, 2020) and disabled youth (Deng and Meng, 2013) and adults (Xiao and O'Neill, 2022).…”

“Let Me Be Bill-free”: Consumer Debt in the Shadow of Incarceration

“…Reentry services need to be sensitive to the burdens of financial debt facing those who have been recently released from jail or prison. In addition to vocational training and mental health treatment services, individuals also need resources to address and manage their finances, repair their credit, access bank accounts and access debt-related legal services (Clendenen and Fisher 2016; Grier and Bright 2019; Mielitz and Marcum 2020). Reform of child support policies should include automatic freezing of obligations during incarceration and integrating payment assistance into reentry programs including employment support (Haney 2018; Nagrecha, Katzenstein, and Davis 2015; Thoennes 2002).…”

Swinging Doors: An Autoethnographic Look at the Challenges Faced by Previously Incarcerated People in the USA and Australia

“…This vicious and insidious cycle is often spawned by the very fi nancial impacts that are imposed by the corrections, legal, judicial, and social service systems that are supposed to be benefi ting them (Mielitz and Marcum, 2020). The issues that encourage recidivism include unemployment, substance abuse, mental and physical health issues, lack of housing, and parole/probation violations (Hester, 2019;Link et al, 2019;Coupland and Olver, 2020;Latessa et al, 2020).…”