The Impact of Family Financial Support on Health Related Quality of Life

Not Applicable

Completed

• Conditions: Socioeconomic Status; Quality of Life
• Interventions: Behavioral: Access to referral to social services; Behavioral: Financial Coaching

• Registration Number: NCT02722005
• Lead Sponsor: University of California, Los Angeles

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 health related quality of life using the Patient Reported Outcome Measurement Information System (PROMIS) 10 Global Short Form.

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 health related quality of life using the Patient Reported Outcome Measurement Information System (PROMIS)10 Global 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 health related quality of life using the PROMIS-10 Global Short Form.

Study Timeline

• Study Start: 2016-03
• Study First Submitted: 2016-03-24
• Study First Submitted QC: 2016-03-24
• Study First Posted: 2016-03-29
• Status Verified: 2017-10
• Primary Completion: 2017-10
• Study Completion: 2017-10
• Last Update Submitted: 2017-10-24
• Last Update Posted: 2017-10-26

Recruitment & Eligibility

• Status: COMPLETED
• Sex: All
• Target Recruitment: 150

Inclusion Criteria

• Participants must be caregivers/parents with one or more child dependents, some form of income, and a tax identification number.

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Exclusion Criteria

• Inability to participate in financial coaching due to activity/cognitive limitations or primary language other than English or Spanish.

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Study & Design

• Study Type: INTERVENTIONAL
• Study Design: PARALLEL

Arm && Interventions

Group	Intervention	Description
Access to Services	Access to referral to social services	Participants will have access to a host of referrals to social services (this is the intervention for this group)
Financial Coaching & Access to Services	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.
Financial Coaching & Access to Services	Access to referral to social services	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.

Primary Outcome Measures

Name	Time	Method
Health-Related Quality of Life	Up to one year (if possible)	We will assess differences between the groups and over time in terms of health-related quality of life

Trial Locations

Locations (1)

LIFT-LA in Affiliation with UCLA; 🇺🇸 Los Angeles, California, United States