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Unconditional Gifted Savings for Poverty

N/A

Recruiting

Led By Stacia West, PhD

Research Sponsored by University of Pennsylvania

Eligibility Criteria Checklist

Specific guidelines that determine who can or cannot participate in a clinical trial

Must have

Be older than 18 years old

Timeline

Screening 3 weeks

Treatment Varies

Follow Up 12 months

Awards & highlights

Study Summary

This trial will test if giving $2,000 to low-income adults can improve their financial health.

Who is the study for?

This trial is for adults living in Yellow Springs, Ohio with a household income at or below three times the Federal Poverty Level. Participants must be at least 18 years old. Those not residing in Yellow Springs, under 18, or earning above the income limit cannot join.Check my eligibility

What is being tested?

The study is examining if giving an unconditional Gifted Savings account with $2,000 affects poverty levels. Upon joining, participants get $100 and can use $500 each year for emergencies over two years.See study design

What are the potential side effects?

There are no medical side effects as this is a financial intervention trial. However, there may be potential impacts on spending habits and financial decision-making that will be studied.

Timeline

Screening ~ 3 weeks3 visits

Treatment ~ Varies

Follow Up ~ 12 months

Screening ~ 3 weeks

Treatment ~ Varies

Follow Up ~12 months

This trial's timeline: 3 weeks for screening, Varies for treatment, and 12 months for reporting.

Treatment Details

Study Objectives

Outcome measures can provide a clearer picture of what you can expect from a treatment.

Primary outcome measures

Financial confidence

Financial shock

Financial-well being (Consumer Financial Protection Bureau Financial Well-Being Scale)

+6 more

Secondary outcome measures

Cryptocurrency knowledge, attitudes, and behaviors

Employment status

Food insecurity

+3 more

Other outcome measures

Website usability

Trial Design

2Treatment groups

Experimental Treatment

Active Control

Group I: Gifted SavingsExperimental Treatment1 Intervention

Participants in the treatment group will receive an unconditional Gifted Savings account with $2,000 of assets ($100 USD available upon enrollment; $500 USD available for emergency use each year for two years).

Group II: No Gifted SavingsActive Control1 Intervention

Participants in the control group will not receive a Gifted Savings account.

Do I qualify?Apply below to find out

Find a Location

Who is running the clinical trial?

University of PennsylvaniaLead Sponsor

2,005 Previous Clinical Trials

42,881,533 Total Patients Enrolled

Universal Gifted SavingsUNKNOWN

Stacia West, PhDPrincipal InvestigatorUniversity of Pennsylvania

1 Previous Clinical Trials

450 Total Patients Enrolled

Frequently Asked Questions

These questions and answers are submitted by anonymous patients, and have not been verified by our internal team.

Is this research initiative open for recruitment?

"Indeed, the clinicaltrials.gov database suggests that patient recruitment for this trial has concluded as of October 31st 2023. However, there are five separate trials searching for participants at present."

Answered by AI

What are the overarching objectives of this trial?

"This trial, which should be complete within a half-year time frame, aims to quantify the effects of financial shock. Secondary objectives include studying employment status, subjective financial knowledge and cryptocurrency related information such as attitudes and behaviours."

Answered by AI

Recent research and studies

clinicaltrials.govStudy

A Novel Unconditional Gifted Savings Program

Stacia West 2024. "A Novel Unconditional Gifted Savings Program". ClinicalTrials.gov. https://clinicaltrials.gov/ct2/show/NCT06119074.