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.
This is an AI summary of the original study and may miss details. Read our disclaimer.
Study facts
What this study's own registry entry says, in plain language.
- Phase
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Not a phased trial
Phase numbers describe drug development. The registry uses this when they do not apply, as it does for trials of devices, procedures or behaviour changes, and for observational studies.
- Participants
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About 238 people
The number the study aims to enrol. It can still change while the study runs.
- Started
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Apr 2024
- Expected to finish
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Oct 2026
An estimate. End dates often move.
- Lead sponsor
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Other sponsor
The registry's catch-all category, for sponsors it does not file as a company, a government agency, or a research network.
Who can take part
This study's own entry requirements. Only the study team can say for certain whether you qualify.
- Ages
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18 years and older
- Sex
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Anyone
- Healthy volunteers
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Not accepted
This study is not open to healthy volunteers. The entry requirements below say who it is open to.
Show the full entry requirements Hide the full entry requirements
Copied word for word from the study's registry entry, so the wording is the study team's rather than ours.
Inclusion Criteria: * Have been released from jail or prison 36 months ago or less * Self-identify as having experiences with trauma, mental illness/mental distress, or substance use * Living or using services in the greater New Haven area * Interested in receiving financial guidance Exclusion Criteria: * Less than 18 years of age * Not have been released from jail or prison 36 months ago or less * Not self-identify as having experiences with trauma, mental illness/mental distress, or substance use * Not living or using services in the greater New Haven area * Not interested in receiving financial guidance
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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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