The Impact of Family Financial Support on Cognition
Behavioral: Financial Coaching
Behavioral: Access to Referrals to Social Services
|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 Cognition|
- Cognition [ Time Frame: Up to one year (if possible) ]Cognitive abilities will be assessed using the PROMIS Cognitive Abilities Survey short form 8a
|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: Financia Coaching & Social Services Referrals
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
One-to-one financial coaching intervention to support savings, income, and credit while reducing debt using available tools in the community development field.Behavioral: Access to Referrals to Social Services
Active Comparator: Social Services
Enrollment in the control arm offers access to social services referrals.
|Behavioral: Access to Referrals 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 cognition using the Patient Reported Outcomes Measurement Information System (PROMIS) Cognitive Abilities Short Form.
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 cognition using the PROMIS Cognitive Abilities Short Form 8-item survey.
Please refer to this study by its ClinicalTrials.gov identifier: NCT02723318
|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|