Financial Interventions for Financial Hardship
(BEEM Trial)
Trial Summary
Do I need to stop taking my current medications to join the trial?
The trial information does not specify whether you need to stop taking your current medications. It seems focused on financial and well-being impacts rather than medical treatments.
What data supports the effectiveness of the treatment Financial coaching, Guaranteed Income, Basic Income, Universal Basic Income, Unconditional Cash Payments, Peer learning circles?
Research shows that guaranteed income and basic income programs can improve mental health, reduce income volatility, and enhance financial wellbeing. These interventions have been linked to positive health outcomes, such as better physical functioning and reduced mental distress, suggesting they can be effective in addressing financial hardship.12345
Is financial intervention like basic income safe for humans?
How does the treatment of Guaranteed Income differ from other treatments for financial hardship?
Guaranteed Income is unique because it provides unconditional cash payments to individuals or families, unlike traditional welfare systems that often have strict eligibility criteria and conditions. This approach aims to reduce financial hardship by offering a stable income, potentially improving health, employment, and social outcomes without the stigma associated with welfare.26789
What is the purpose of this trial?
The primary goal is to understand the potential impacts of Guaranteed Income (GI) on Black youth and young adults' financial, emotional, and physical well-being. The main question it aims to answer is: What are the impacts of GI on Black young adults' investments in their future, mental health and unmet mental and sexual/reproductive health service needs? Participants will receive guaranteed income for 12 months and will be offered enrollment in financial capability programs.
Research Team
Sheri A Lippman, PhD
Principal Investigator
University of California, San Francisco
Marguerita Lightfoot, PhD
Principal Investigator
Oregon Health & Science University-Portland State University School of Public Health
Margaret Libby, MSW
Principal Investigator
MyPath
Eligibility Criteria
This trial is for Black youth and young adults aged 18-24 living in specific low-income areas or marginally housed in San Francisco or Oakland. They must not be part of another GI project, have lived in the US for at least 3 years, and provide informed consent. Those under the influence during enrollment or planning to leave the Bay Area are excluded.Inclusion Criteria
Exclusion Criteria
Timeline
Screening
Participants are screened for eligibility to participate in the trial
Phase I
Participants receive $500/month Guaranteed Income (GI) for the first 12 months
Phase II
Participants receive $500/month Guaranteed Income (GI) for the second 12 months
Follow-up
Participants are monitored for financial, emotional, and physical well-being after the intervention
Treatment Details
Interventions
- Financial coaching
- Guaranteed Income
- Peer learning circles
Guaranteed Income is already approved in United States for the following indications:
- Homelessness prevention
- Housing stability support
- Financial assistance for low-income families
Find a Clinic Near You
Who Is Running the Clinical Trial?
University of California, San Francisco
Lead Sponsor
National Institutes of Health (NIH)
Collaborator
Oregon Health and Science University
Collaborator
MyPath
Collaborator