The Impact of Family Financial Support on Parental Stress

Stress Clinical Trial

Official title:

The Impact of Family Financial Support on Parental Stress

Clinical Trial Details — Status: Completed

Administrative data

• NCT number: NCT02723227
• Other study ID #: UCLASchickedanzFCS
• Status: Completed
• Phase: N/A
• First received: March 25, 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 family economic strain and parental stress.

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 parental strain and stress.

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 economic strain using the Family Economic Strain Scale and their individual stress using the Parenting Stress Index.

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:

• Participants will include caregivers and parents with one or more dependents, some form of income, and a tax identification number.

Exclusion Criteria:

• Inability to partake in the financial coaching or primary language other than English or Spanish.

Related Conditions & MeSH terms

• 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.
• Referral to Social Services

Locations

Country	Name	City	State
United States	LIFT-LA	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	Family Economic Strain	Parents will be asked to assess the degree to which their economic circumstances impact their family functioning using the Family Economic Strain Scale	Up to one year (if possible)
Primary	Parenting Stress	Parents will be asked to quantify their parenting stress using the Parenting Stress Index	Up to one year (if possible)