Financial lives and wellbeing post Covid-19 (FinWell Covid) Dates: January 2021 – January 2022 Funder: Economic & Social Research Council (ESRC), as part of UK Research & Innovation’s (UKRI) rapid response to Covid-19

This study seeks to better understand changes on people’s financial lives, health and wellbeing induced by COVID-19 itself as well as its associated interventions (e.g. social distancing and isolating) in vulnerable members of society.

FinWell Covid is the third project in a programme of work aimed at better understanding the link between income and health and wellbeing, including the mediating mechanisms that might facilitate this association. The first project, FinWell-Glasgow, started in 2014 and was a 2-year project funded by the Chief Scientist Office. The second project FinWell-London (2019-2020) was funded by Guy’s and St Thomas’ Charity.  All FinWell projects take a mixed method approach using financial diaries, in-depth interviews and Q methodology.  

Aims:

  • Better understand how vulnerable individuals manage their finances during the COVID-19 pandemic.
  • Assess the specific financial issues that they encounter due to COVID-19 and its associated interventions and the strategies they use to ameliorate them, and how these strategies link to their health.
  • Explore subjective views of community participants and stakeholders on COVID-19 and associated measures aimed at mitigating and control it.

Publications

  • Ibrahim, F., McHugh, N., Biosca, O., Baker, R., Laxton, T., & Donaldson, C. (2021) Microcredit as a public health initiative? Exploring mechanisms and pathways to health and wellbeing. Social Science & Medicine, 270. https://doi.org/10.1016/j.socscimed.2020.113633
  • Biosca, O., McHugh, N., Ibrahim, F., Baker, R., Laxton, T., & Donaldson, C. (2020). Walking a Tightrope: Using Financial Diaries to Investigate Day-to-Day Financial Decisions and the Social Safety Net of the Financially Excluded. The ANNALS of the American Academy of Political and Social Science, 689(1), 46–64. https://doi.org/10.1177/0002716220921154
  • McHugh N, Baker R, Biosca O, Ibrahim F, Donaldson C (2019). Who knows best? A Q methodology study to explore perspectives of professional stakeholders and community participants on health in low-income communities BMC Health Services Research 19, 35 https://doi.org/10.1186/s12913-019-3884-9
  • McHugh N, Biosca O, Donaldson C. From wealth to health: evaluating microfinance as a complex intervention. Evaluation 2017; 23(2):209-225 https://doi.org/10.1177/1356389017697622
  • Ibrahim, F., McHugh, N., Biosca, O., Baker, R., Laxton, T., & Donaldson, C. (2021). Microcredit as a public health initiative? Exploring mechanisms and pathways to health and wellbeing. Social Science & Medicine, 270, 113633. 10.1016/j.socscimed.2020.113633

Project Lead: Dr Olga Biosca

Project Team: Dr Neil McHughProfessor Cam DonaldsonProfessor Rachel Baker, Professor Jonathan J. MorduchProfessor Antony Morgan, Dr Enrico Bellazzecca, Fatma Ibrahim, Dr Linda Fenocchi, Dr Jack Rendall

Sustainable Development Goals