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The Impact of Family Financial Support on Parental Mental Health

NCT ID: NCT02723357

Last Updated: 2017-10-26

Study Results

Results pending

The study team has not published outcome measurements, participant flow, or safety data for this trial yet. Check back later for updates.

Basic Information

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Recruitment Status

COMPLETED

Clinical Phase

NA

Total Enrollment

150 participants

Study Classification

INTERVENTIONAL

Study Start Date

2016-03-31

Study Completion Date

2017-10-31

Brief Summary

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

Detailed Description

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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. The investigators' 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. The investigators have partnered with financial coaching organizations to establish what they have termed a "Medical-Financial Partnership (MFP)" that offers financial coaching to improve financial and mental health. The investigators will evaluate the MFP's impact on mental health using the Kessler-6 emotional distress scale as the 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 (social security number or Individual Tax Identification Number). Participants will be surveyed quarterly regarding their mental health using the Kessler-6 emotional distress scale.

Conditions

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Financial Coaching Mental Disorders Social Determinants Medical-Financial Partnership Toxic Stress

Keywords

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Financial Coaching Mental Health Social Determinants Medical-Financial Partnership Toxic Stress

Study Design

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Allocation Method

RANDOMIZED

Intervention Model

PARALLEL

Primary Study Purpose

HEALTH_SERVICES_RESEARCH

Blinding Strategy

NONE

Study Groups

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Financial Coaching & Access to Services

Participants in this arm will receive monthly financial coaching and access to basic social service referrals until either one year, closure of all financial needs, or loss to follow up.

Group Type EXPERIMENTAL

Financial Coaching

Intervention Type BEHAVIORAL

Enrollment in one-to-one financial coaching intervention to support savings, income, and credit while reducing debt using available tools in the community development field.

Access to Social Service Referrals

Intervention Type BEHAVIORAL

Access to referrals for common social needs.

Access to Services

Participants in this arm will receive access to basic social service referrals until either one year, closure of all financial needs, or loss to follow up.

Group Type ACTIVE_COMPARATOR

Access to Social Service Referrals

Intervention Type BEHAVIORAL

Access to referrals for common social needs.

Interventions

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Financial Coaching

Enrollment in one-to-one financial coaching intervention to support savings, income, and credit while reducing debt using available tools in the community development field.

Intervention Type BEHAVIORAL

Access to Social Service Referrals

Access to referrals for common social needs.

Intervention Type BEHAVIORAL

Eligibility Criteria

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Inclusion Criteria

* Caregivers/Parents with one or more child dependents, income of any sort, and a tax identification number.

Exclusion Criteria

* Inability to partake in financial coaching due to physical limitations or primary language other than Spanish or English.
Eligible Sex

ALL

Accepts Healthy Volunteers

Yes

Sponsors

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University of California, Los Angeles

OTHER

Sponsor Role lead

Responsible Party

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Adam Schickedanz

Clinical Instructor and Clinical Scholar

Responsibility Role PRINCIPAL_INVESTIGATOR

Principal Investigators

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Adam Schickedanz, MD

Role: PRINCIPAL_INVESTIGATOR

University of California, Los Angeles

Locations

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LIFT-LA in Affiliation with UCLA

Los Angeles, California, United States

Site Status

Countries

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United States

Other Identifiers

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UCLASchickedanzFCMH

Identifier Type: -

Identifier Source: org_study_id