The Impact of Family Financial Support on Parental Mental Health

Mental Disorders Clinical Trial

Official title:

The Impact of Family Financial Support on Parental Mental Health

Clinical Trial Details — Status: Completed

Administrative data

• NCT number: NCT02723357
• Other study ID #: UCLASchickedanzFCMH
• Status: Completed
• Phase: N/A
• First received: March 24, 2016
• Last updated: October 24, 2017
• Start date: March 2016
• Est. completion date: October 2017

Study information

• Verified date: October 2017
• Source: University of California, Los Angeles
• Contact: n/a
• Is FDA regulated: No
• Study type: Interventional

Clinical Trial Summary

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.

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. 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.

Recruitment information / eligibility

• Status: Completed
• Enrollment: 150
• Est. completion date: October 2017
• Est. primary completion date: October 2017
• Accepts healthy volunteers: Accepts Healthy Volunteers
• Gender: All
• Age group: N/A and older

Eligibility

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.

Related Conditions & MeSH terms

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

Intervention

Behavioral:
• 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.
• Access to Social Service Referrals
Access to referrals for common social needs.

Locations

Country	Name	City	State
United States	LIFT-LA in Affiliation with UCLA	Los Angeles	California

Sponsors (1)

Lead Sponsor	Collaborator
University of California, Los Angeles

Country where clinical trial is conducted

United States, 

Outcome

Type	Measure	Description	Time frame	Safety issue
Primary	Mental Health	Mental health as assessed by the Kessler-6 scale of emotional distress	Up to one year (if possible)