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2020 Conference

del 18 al 20 de May del 2020

Proposal authors can use this tool to see where they have been placed in the agenda for a Symposium, an Oral Session, or a Featured Research Session Poster.

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204 Feasibility of Financial Education/Coaching for Adults with Severe Mental Illness (SMI)

martes, el 19 de mayo de 2020 a las 08:30–jueves, el 21 de mayo de 2020 a las 18:30 CDT
Posters YouTube Videos
Key Words

severe mental illness, financial education, financial coaching, Medcaid, SMI, mental health

Short Description

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.

First & Corresponding Author

Carol Janney, Pine Rest Christian Mental Health Services
Authors in the order to be printed

Carol A Janney, Brenda Long

Additional Authors

Brenda Long, Michigan State University Extension
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