The Impact of Family Financial Support on Parental Stress
|Stress||Behavioral: Financial Coaching Behavioral: Referral to Social Services|
|Study Design:||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|
- 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
|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)|
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|
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.
Please refer to this study by its ClinicalTrials.gov identifier: NCT02723227
|Contact: Adam Schickedanz, MD||Aschickedanz@mednet.ucla.edu|
|United States, California|
|Los Angeles, California, United States, 90007|
|Contact: Michelle Rhone-Collins, MA|
|Principal Investigator:||Adam Schickedanz, MD||University of California, Los Angeles|