Two Year Sustainability of the Effect of a Financial Education Program on the Health and Wellbeing of Single, Low-Income Women

White, Nicole D.; Packard, Kathleen A.; Flecky, Kathleen; Kalkowski, Julie; Furze, Jennifer; Ryan-Haddad, Ann; Black, Lisa; Rusch, Lorraine M.; Yuan, Qi

doi:10.1891/1052-3073.29.1.68

Cited by 12 publications

(19 citation statements)

References 8 publications

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“…Although the relationship is bidirectional, strategies which reduce financial stress are reported to result in physical and mental health gains. For example, according to White et al (2018) financial education programs in twenty single low income African American women improved their wellbeing and health. Collins & O'Rouke (2011) , in a review of US homeownership education and counselling programs reported that they are effective at improving timely payments and thereby housing security.…”

Section: Discussionmentioning

confidence: 99%

Female perspectives on housing quality and household characteristics, perceptions and challenges: Evidence from Australia

Viljoen

Lowies

Lushington

et al. 2020

Habitat International

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In many societies, perceptions regarding housing and ownership rights is that it is mostly consigned to males rather than females. Housing is gendered around physical aspects, as a financial asset, and even in housing data to be a male preserve – excluding females and their perceptions. This important paper addresses this limitation in the literature by examining the views and perceptions of female participants in the Australian Housing Conditions dataset. More specifically this paper examines the significance of household structure, housing quality and characteristics of Australian woman and how it affects their financial strain. As a further dimension this paper also examines differences in women’s housing experience by age as older Australian women (above 65 years) have a higher likelihood to revert to substandard housing conditions and homelessness than younger Australian women (under 65 years). Logistic regression analysis shows a higher tendency towards financial strain in women under 65 years, those with either poor physical or mental health and those who were single or lone parents. These finding propose that women under 65 are at greater risk to experience household financial strain and poorer housing security. The paper argues that these results present challenges for Australian housing policy through increasing housing affordability. The analysis suggests that an increase in the availability of affordable housing will ease the financial strain and improve the mental health of Australian women. Moreover, an increase in the flexibility of housing arrangements may prove to be beneficial in providing additional housing solutions.

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Section: Discussionmentioning

confidence: 99%

Female perspectives on housing quality and household characteristics, perceptions and challenges: Evidence from Australia

Viljoen

Lowies

Lushington

et al. 2020

Habitat International

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“…26 Organizations embedding financial coaching services into existing job training and placement programs also increased individuals' financial security. 27 While the health effects of financial coaching are promising 28 and further studies are underway, 2324 proxy measures of mental health such as worry and stress have shown clear improvements in a randomized trial of financial coaching. 26 Credit counseling and programs building credit for communities historically marginalized by financial institutions can help achieve financial stability.…”

Section: Financial Services Improve Client Finances and Health Outcomesmentioning

confidence: 99%

Medical-Financial Partnerships: Cross-Sector Collaborations Between Medical and Financial Services to Improve Health

Bell

Hole

Johnson

et al. 2020

Academic Pediatrics

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Financial stress is the root cause of many adverse health outcomes among poor and low-income children and their families, yet few clinical interventions have been developed to improve health by directly addressing patient and family finances. Medical-Financial Partnerships (MFPs) are novel cross-sector collaborations in which health care systems and financial service organizations work collaboratively to improve health by reducing patient financial stress, primarily in lowincome communities. Financial services provided by MFPs include individually tailored financial coaching, free tax preparation, budgeting, debt reduction, savings support, and job assistance, among others. MFPs have been shown to improve finances and, in the few existing studies available, health outcomes. We describe the rationale for MFPs and examine eight established MFPs providing financial services under 1 of 3 models: full-scope on-site service partnerships; targeted on-site service partnerships; and partnerships facilitating referral to off-site financial services. The services MFPs provide complement clinical social risk screening and navigation programs by preventing or repairing common financial problems that would otherwise lead to poverty-related social needs, such as food and housing insecurity. We identify common themes, as well as unique strengths and solutions to a variety of implementation challenges MFPs commonly encounter. Given that the financial circumstances and health outcomes of socially marginalized

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“…Nonrandomized pilot data indicates that women who participate in the FSP are successful in making positive financial and health behavior changes. 7,8 While the Finances First study analysis is ongoing, both financial behaviors and healthy lifestyle behaviors are under investigation. A 20-year longitudinal study comparing the cardiovascular health outcomes of women who complete the FSP compared with matched controls is also underway.…”

Section: Implications and Future Researchmentioning

confidence: 99%

Building Hopefulness Through Financial Education and Coaching

White

Packard

Kalkowski

et al. 2020

American Journal of Lifestyle Medicine

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Financial behaviors play an important role in promoting or reducing financial stability and may have an impact on health outcomes, in general. Hope theory is a framework applicable to promoting behavior change, including financial behavior change. This article describes the hope promoting components of a novel financial education and coaching program and the significant improvement in hopefulness demonstrated by women who participate in the program, as measured in the Finances First randomized controlled trial.

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Two Year Sustainability of the Effect of a Financial Education Program on the Health and Wellbeing of Single, Low-Income Women

Cited by 12 publications

References 8 publications

Female perspectives on housing quality and household characteristics, perceptions and challenges: Evidence from Australia

Female perspectives on housing quality and household characteristics, perceptions and challenges: Evidence from Australia

Medical-Financial Partnerships: Cross-Sector Collaborations Between Medical and Financial Services to Improve Health

Building Hopefulness Through Financial Education and Coaching

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