A Benefit-Cost Analysis of BackTrack, a Multi-Component, Community-Based Intervention for High-Risk Young People in a...

Area of Science:

• Social Sciences
• Public Health
• Economics

Background:

• High-risk youth face significant challenges impacting their social and economic well-being.
• Community-based programs are crucial for addressing the complex needs of vulnerable young populations.

Purpose of the Study:

• To conduct a benefit-cost analysis of the BackTrack program for at-risk youth.
• To quantify the economic and social returns of a community-based intervention.

Main Methods:

• A benefit-cost analysis was performed using 2016 Australian dollars.
• Data collected via financial records and a pre-post study design.
• Conservative economic assumptions were used to value diverse benefits.

Main Results:

• Significant improvements observed in education, employment, and economic productivity.
• Quantifiable benefits included reduced homelessness, crime, and vandalism.
• Net social benefit estimated at $3,267,967 with a benefit-cost ratio of 2.03.

Conclusions:

• The BackTrack program offers a viable and cost-effective approach to supporting high-risk youth.
• Investment in BackTrack yields substantial social and economic returns.
• The program demonstrates success in improving life outcomes and reducing societal costs.