Black Economic Equity Movement

Summary

The primary goal is to understand the potential impacts of Guaranteed Income (GI) on Black youth and young adults' financial, emotional, and physical well-being. The main question it aims to answer is: What are the impacts of GI on Black young adults' investments in their future, mental health and unmet mental and sexual/reproductive health service needs? Participants will receive guaranteed income for 12 months and will be offered enrollment in financial capability programs.

Conditions

• Mental Health Wellness 1
• Health Care Utilization
• Financial Hardship
• Education, Professional

Interventions

OTHER

Guaranteed Income

Monthly cash transfer of $500 per month for 12 months.

BEHAVIORAL

Peer learning circles

Participants can opt-in to attend peer learning circles (also called My Money Hour), which are discussion groups of 10-12 participants about financial topics co-led by a peer (Black youth) with experience in financial programming and an adult financial coach. My Money Hour sessions will be offered on-line multiple times throughout every month of the project, with rotating themes, to ensure that the 50-minute sessions are available different days of the week and times of the day.

BEHAVIORAL

Financial coaching

Participants can opt-in to receive financial coaching sessions with a trained financial mentor. Meetings will occur monthly and typically include six one hour sessions. The mentor will be responsive to individual needs, but will touch on the following priority areas: building credit (credit repair, improving credit scores, credit products); savings (emergency savings plans, savings habits and strategies, understanding savings accounts); money management (creating budgets, understanding income vs expense, assessing spending, making better financial decisions); financial products (credit building products, auto loans, credit cards); and long-term goals (home ownership, investments).

Sponsors & Collaborators

• Oregon Health and Science University

  collaborator OTHER

• MyPath

  collaborator UNKNOWN

• National Institutes of Health (NIH)

  collaborator NIH

• University of California, San Francisco

  lead OTHER

Principal Investigators

• Sheri A Lippman, PhD · University of California, San Francisco

• Marguerita Lightfoot, PhD · Oregon Health & Science University-Portland State University School of Public Health

• Margaret Libby, MSW · MyPath

Study Design

Allocation

RANDOMIZED

Purpose

PREVENTION

Masking

DOUBLE

Model

CROSSOVER

Eligibility

Min Age

18 Years

Max Age

24 Years

Sex

ALL

Healthy Volunteers

Yes

Timeline & Regulatory

Start

2022-11-01

Primary Completion

2025-09-22

Completion

2025-09-22

Countries

• United States

Study Locations