Research Report An Evaluation of the Impacts and Implementation Approaches of Financial Coaching Programs
Brett Theodos, Margaret Simms, Mark Treskon, Christina Plerhoples Stacy, Rachel Brash, Dina Emam, Rebecca Daniels, Juan Collazos
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Financial coaching, an intervention using a coach-client model of regular one-on-one sessions to set and manage financial goals and design concrete action plans , 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 controlled trial of two financial coaching programs that serve low- and moderate-income people. 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.
Research Areas Education Wealth and financial well-being Families Social safety net
Tags Asset and debts Economic well-being Financial knowledge and capability Financial products and services Families with low incomes Opportunity and ownership
Policy Centers Metropolitan Housing and Communities Policy Center