Journal Article Client led coaching: A random assignment evaluation of the impacts of financial coaching programs
Brett Theodos, Christina Plerhoples Stacy, Rebecca Daniels
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We undertake the first rigorous evaluation of financial coaching using a randomized controlled trial at two sites. We estimate both treatment uptake and treatment outcomes, including intent to treat estimates and complier average causal effects. Data are drawn from individual-level credit reporting firm records and baseline and follow-up surveys. Results indicate that financial coaching produces a number of significant effects on behaviors and outcomes related to money management, debt, savings, and perceptions of financial well-being. Most notably, at one site, financial coaching helped participants to increase their savings and credit scores, and at the other, it helped them to reduce their aggregate and delinquent debt.

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Research Areas Education Wealth and financial well-being Nonprofits and philanthropy Families Social safety net
Tags Asset and debts Economic well-being Financial knowledge and capability Financial products and services