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Thursday, May 21 • 6:00pm - 6:00pm
204 Feasibility of Financial Education/Coaching for Adults with Severe Mental Illness (SMI)

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This pilot study tested the feasibility and efficacy of the critical content and delivery mode for financial education/coaching among adults with severe mental illness. All received Medicaid for health insurance and their income was mainly Social Security Disability, about $730 - $800/month. A few worked part-time for wages. Some participants managed their own finances independently and others had a payee. The participants were able to learn financial education concepts and apply their learning and knowledge to their personal financial needs. In addition, those who completed financial coaching were able to discuss tangible ways of applying financial concepts to their life and improve financial decision-making. Many participants were unaccustomed to thinking about their finances more than one month at a time. Planning and saving for emergency needs were new concepts and challenging for the participants due to their low income. Overall, the pilot study found that financial education and coaching is feasible among adults with SMI.

Author(s): Carol A Janney, Brenda Long


Carol Janney

Research Director, Pine Rest Christian Mental Health Services

Thursday May 21, 2020 6:00pm - 6:00pm CDT
ACCI YouTube

Attendees (4)