Strengthening financial literacy for people living with serious mental illness

Project Type(s):

Principal Investigator(s):
Co-Investigator(s):
Accepting Trainees?

No

Improved financial literacy among people living with serious mental illness (SMI) is associated with a higher quality of life, fewer hospitalizations, and better treatment adherence. Yet people living with SMI frequently express how their lack of financial knowledge has negative personal consequences and that they don’t know where to turn for assistance. This project will gather qualitative and quantitative data from people admitted to the Center for Behavioral Health and Learning, a psychiatric hospital, to understand the need and desire for a financial skills intervention and its role in discharge planning. The assessment will also seek input from family members/caregivers, representative payees/fiduciaries and experts in the community. Ultimately, we hope to create a replicable, standardized intervention that can be evaluated and implemented in inpatient settings and modified as necessary for outpatient settings.

Project Period:
January 1, 2025 — December 31, 2025

Funding Type(s):
Philanthropy

Funder(s):
Garvey Institute for Brain Health Solutions

Research Program(s):

Geographic Area(s):
University of Washington

Practice Type(s):
Educational settings (e.g. universities, schools), Hospital

Patient Population(s):
Adolescents

Targeted Condition(s):
Serious Mental Illness