An Evaluation of the Impacts and Implementation Approaches of Financial Coaching Programs

Research Report

An Evaluation of the Impacts and Implementation Approaches of Financial Coaching Programs

Abstract

Financial coaching, an intervention using a coach-client model of regular one-on-one sessions to set and manage financial goals and design concrete plans of action, has recently emerged as a possible complement to financial counseling and education as a way to improve personal financial outcomes. This report presents findings from a Randomized Control Trial (RCT) of two financial coaching programs that serve low-and moderate-income populations. We report on program implementation, service uptake, and program impacts. Study findings suggest that a well-implemented coaching program with engaged clients can produce important improvements in certain financial outcomes.

Cross-Center Initiative

Cross-Center Initiative: 
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