Money and mind: can financial coaching ease mental health struggles after incarceration?
NCT ID NCT06914856
First seen Jul 01, 2026 · Last updated Jul 02, 2026 · Updated 1 time
Summary
This study tests whether combining one-on-one financial coaching with access to safe, affordable banking services can improve both financial health and mental well-being for people recently released from jail or prison. Participants, who self-identify as having mental health or substance use challenges, will receive coaching and help opening accounts, while researchers track changes in savings, credit, housing, and mental health over time. The goal is to see if addressing financial stability can ease the stress of reentry and reduce discrimination from banks.
What this could mean
Our plain-language read of the trial. This is informational only — not medical advice or a prediction.
- Active substance
- Financial coaching and access to safe banking services
- What this could lead to
- If it works, this approach could point toward a practical way to reduce financial hardship and improve mental health for people reentering society after incarceration.
- What could go wrong
- This is a relatively small study focused on one geographic area, so results may not apply broadly. The intervention is behavioral, and its impact may be limited by broader systemic factors.
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Conditions
The condition(s) this trial relates to.
As listed by the trial registrant
The condition terms exactly as the trial's registrant entered them.
Contacts and locations
Locations
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Yale University Program for Recovery and Community Health
New Haven, Connecticut, 06513, United States
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