The Impact of Family Financial Support on Parental Stress

Sponsor

University of California, Los Angeles (Other)

Overall Status

Completed

CT.gov ID

NCT02723227

Collaborator

(none)

150

Enrollment

Location

Arms

Duration (Months)

7.9

Patients Per Site Per Month

Study Details

Study Description

Brief 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.

Condition or Disease	Intervention/Treatment	Phase
Stress	Behavioral: Financial Coaching Behavioral: Referral to Social Services	N/A

Detailed 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.

Study Design

Study Type:

Interventional

Actual Enrollment :

150 participants

Allocation:

Randomized

Intervention Model:

Parallel Assignment

Masking:

None (Open Label)

Primary Purpose:

Health Services Research

Official Title:

The Impact of Family Financial Support on Parental Stress

Study Start Date :

Mar 1, 2016

Actual Primary Completion Date :

Oct 1, 2017

Actual Study Completion Date :

Oct 1, 2017

Arms and Interventions

Arm	Intervention/Treatment
Experimental: Financial Coaching & Social Service Referral 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.	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. Behavioral: Referral to Social Services
Active Comparator: Social Services Referral Enrollment provides for access to referrals to social services.	Behavioral: Referral to Social Services

Arm

Intervention/Treatment

Experimental: Financial Coaching & Social Service Referral

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.

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.

Behavioral: Referral to Social Services

Active Comparator: Social Services Referral

Enrollment provides for access to referrals to social services.

Behavioral: Referral to Social Services

Outcome Measures

Primary Outcome Measures

Family Economic Strain [Up to one year (if possible)]
Parents will be asked to assess the degree to which their economic circumstances impact their family functioning using the Family Economic Strain Scale
Parenting Stress [Up to one year (if possible)]
Parents will be asked to quantify their parenting stress using the Parenting Stress Index

Eligibility Criteria

Criteria

Ages Eligible for Study:

N/A and Older

Sexes Eligible for Study:

All

Accepts Healthy Volunteers:

Yes

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.

Contacts and Locations

Locations

	Site	City	State	Country	Postal Code
1	LIFT-LA	Los Angeles	California	United States	90007

Sponsors and Collaborators

University of California, Los Angeles

Investigators

Principal Investigator: Adam Schickedanz, MD, University of California, Los Angeles

Study Documents (Full-Text)

None provided.

More Information

Publications

None provided.

Responsible Party:

Adam Schickedanz, Clinical Instructor in Pediatrics and Clinical Scholar, University of California, Los Angeles

ClinicalTrials.gov Identifier:

NCT02723227

Other Study ID Numbers:

UCLASchickedanzFCS

First Posted:

Mar 30, 2016

Last Update Posted:

Oct 26, 2017

Last Verified:

Oct 1, 2017

Individual Participant Data (IPD) Sharing Statement:

Plan to Share IPD:

Keywords provided by Adam Schickedanz, Clinical Instructor in Pediatrics and Clinical Scholar, University of California, Los Angeles

Study Results

No Results Posted as of Oct 26, 2017