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Full-Text Articles in Social Work
A Comparative Evaluation On The Impact Of Financial Coaching In Increasing Financial Capability For Low-Income Individuals In An Employment Program, Desiree Sanabria Guadamuz
A Comparative Evaluation On The Impact Of Financial Coaching In Increasing Financial Capability For Low-Income Individuals In An Employment Program, Desiree Sanabria Guadamuz
Electronic Theses and Dissertations
People living under the poverty line are more likely to practice negative financial behaviors and have low financial capability than those living at a higher socioeconomic level, this hinders low income individuals from properly navigating the complex financial market. Recent research has found that financial coaching bundled with employment trainings, income support, and financial trainings/workshops will increase financial capability. However, additional studies on the impact of financial coaching in increasing financial capability are needed. The following research aimed to contribute to the existing literature on the impact of financial coaching in the context of an integrated service model by analyzing …
Using Behavior Economic Nudges To Facilitate Client Follow-Through In Financial Coaching, Charlene Hurst
Using Behavior Economic Nudges To Facilitate Client Follow-Through In Financial Coaching, Charlene Hurst
Electronic Theses and Dissertations
While benevolence-based programs have been a large part of meeting immediate financial needs of the poor, they lack the relational aspect needed to facilitate long-term behavior change. Recently many social service organizations have adopted financial coaching as a promising replacement for benevolence programming. The field of coaching has dealt with its own challenges. Most coaching practitioners surveyed in 2016 and 2019 acknowledged lack of client follow-through as their number one challenge. Behavior economics offered nudges as a solution. Nudges are cues placed within the physical environment to prod clients toward behavior change. A quantitative field study was conducted to evaluate …