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The Impact of Family Financial Support on Parental Mental Health

2016-03-31 09:53:22 | BioPortfolio

Summary

We have partnered with financial coaching organizations to establish what we have termed a "Medical-Financial Partnership (MFP)" that offers financial coaching to improve financial and mental health. We will evaluate the MFP's impact on mental health using the Kessler-6 emotional distress scale.

Description

Financial coaching is a new tool in the field of community development, but it has already demonstrated significant financial impact in a number of studies, including one randomized trial conducted by the Urban Institute. Financial coaching improves participant financial literacy, budgeting, saving for financial emergencies, and debt level. Our project will help clinicians and the field of community economic development understand health and well-being through a new economic lens and assess the health-related impacts of the emerging field of financial coaching. We have partnered with financial coaching organizations to establish what we have termed a "Medical-Financial Partnership (MFP)" that offers financial coaching to improve financial and mental health. We will evaluate the MFP's impact on mental health using the Kessler-6 emotional distress scale as our outcome variable.

Community-based participants will be recruited from South Los Angeles and randomized to receive either monthly financial coaching plus access to referral for social services (intervention) or access to referral for social services alone (control). Inclusion criteria include having dependents under age 18, having some form of income, and having a tax identification number (SSN or ITIN). Participants will be surveyed quarterly regarding their mental health using the Kessler-6 emotional distress scale.

Study Design

Allocation: Randomized, Endpoint Classification: Efficacy Study, Intervention Model: Parallel Assignment, Masking: Open Label, Primary Purpose: Health Services Research

Conditions

Financial Coaching

Intervention

Financial Coaching, Access to Social Service Referrals

Location

LIFT-LA in Affiliation with UCLA
Los Angeles
California
United States
90007

Status

Recruiting

Source

University of California, Los Angeles

Results (where available)

View Results

Links

Published on BioPortfolio: 2016-03-31T09:53:22-0400

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