Women’s Experiences of the Effect of Financial Strain on Parenting and Mental Health

Embedding Financial Services in Frequented, Trusted Settings: Building on Families' Pre-existing Economic Mobility Efforts

“…Each participant also completed a semistructured interview (∼30 minutes). Questions focused on experiences related to financial strain 20 and financial services, including tax filing.…”

“…We developed the baseline and follow-up interview guides based on themes that emerged during our previous qualitative research study 20 and a literature review of the data on the acceptability and feasibility of embedding financial services in locations families frequent. 10,13,21 We developed these guides iteratively with subject matter experts and community partners.…”

Anti-Poverty Medicine Through Medical-Financial Partnerships: A New Approach to Child Poverty

“…Financial strain, pervasive in the United States, encompasses income poverty (ie, not earning enough to get by), asset poverty (ie, low or negative net worth), and subjective stress from finances regardless of objective economic position. 7 In the US, one-third of adults report substantial financial strain, over half of families are income or asset poor, and young adults hold less wealth than prior generations at this stage of life, particularly those with a college degree. 7,8 Economic policies systematically excluding people of color strongly influence risk of financial strain.…”

“…7 In the US, one-third of adults report substantial financial strain, over half of families are income or asset poor, and young adults hold less wealth than prior generations at this stage of life, particularly those with a college degree. 7,8 Economic policies systematically excluding people of color strongly influence risk of financial strain. Different contributors to financial strain (income, savings, debt, credit, intergenerational finances) link to health outcomes and MFPs may address these financial domains.…”

“…20 They identify financial strain as a critical driver of their own poor mental health and changes to their ideal parenting practices. 7 Nascent evidence shows incorporating financial services into the medical home is feasible. For example, New York City Health and Hospitals, a member of the Medical Tax Collaborative (Table 1), filed 1,156 tax returns in 2019, returning $1.8 million to clients and yielding a social return on investment, defined as the ratio of the value generated for society to the cost of the program, 32 of 673%.…”