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The Impact of Family Financial Support on Parental Stress

This study is currently recruiting participants.
See Contacts and Locations
Verified May 2016 by Adam Schickedanz, University of California, Los Angeles
Sponsor:
Information provided by (Responsible Party):
Adam Schickedanz, University of California, Los Angeles
ClinicalTrials.gov Identifier:
NCT02723227
First received: March 25, 2016
Last updated: May 10, 2016
Last verified: May 2016
  Purpose
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 Intervention
Stress Behavioral: Financial Coaching Behavioral: Referral to Social Services

Study Type: Interventional
Study Design: Allocation: Randomized
Intervention Model: Parallel Assignment
Masking: Open Label
Primary Purpose: Health Services Research
Official Title: The Impact of Family Financial Support on Parental Stress

Further study details as provided by Adam Schickedanz, University of California, Los Angeles:

Primary Outcome Measures:
  • Family Economic Strain [ Time Frame: 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 [ Time Frame: Up to one year (if possible) ]
    Parents will be asked to quantify their parenting stress using the Parenting Stress Index


Estimated Enrollment: 150
Study Start Date: March 2016
Estimated Study Completion Date: July 2017
Estimated Primary Completion Date: July 2017 (Final data collection date for primary outcome measure)
Arms Assigned Interventions
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

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.

  Eligibility

Ages Eligible for Study:   Child, Adult, Senior
Sexes Eligible for Study:   All
Accepts Healthy Volunteers:   Yes
Criteria

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
Choosing to participate in a study is an important personal decision. Talk with your doctor and family members or friends about deciding to join a study. To learn more about this study, you or your doctor may contact the study research staff using the Contacts provided below. For general information, see Learn About Clinical Studies.

Please refer to this study by its ClinicalTrials.gov identifier: NCT02723227

Contacts
Contact: Adam Schickedanz, MD Aschickedanz@mednet.ucla.edu

Locations
United States, California
LIFT-LA Recruiting
Los Angeles, California, United States, 90007
Contact: Michelle Rhone-Collins, MA         
Sponsors and Collaborators
University of California, Los Angeles
Investigators
Principal Investigator: Adam Schickedanz, MD University of California, Los Angeles
  More Information

Responsible Party: Adam Schickedanz, Clinical Instructor in Pediatrics and Clinical Scholar, University of California, Los Angeles
ClinicalTrials.gov Identifier: NCT02723227     History of Changes
Other Study ID Numbers: UCLASchickedanzFCS
Study First Received: March 25, 2016
Last Updated: May 10, 2016
Individual Participant Data (IPD) Sharing Statement:
Plan to Share IPD: No
Plan Description: Participant consent did not include data sharing and there is no appropriate repository to share data with

Keywords provided by Adam Schickedanz, University of California, Los Angeles:
Parenting Stress
Stress
Social Determinants
Socioeconomic status
Financial Coaching

ClinicalTrials.gov processed this record on July 28, 2017