‌600 x 317

Project Title: Managing finances and multiple long-term health conditions: eliciting the perspectives of low-income individuals
Dates: March 2019 – March 2020
Funder: Guy’s and St Thomas’ Charity (https://www.gsttcharity.org.uk/)
Project PI: Olga Biosca
Research Team: Neil McHugh, Cam Donaldson, Rachel Baker, Antony Morgan, Gregory White, Marta Mojarrieta and Ahalya Bala
External advisor: Jonathan Morduch


Aims and Objectives:
With the aim of breaking the cycle of illness-leading-to-poverty and poverty-to-illness, the Yunus Centre for Social Business and Health launches the ‘FinWell’ project in the London Boroughs of Lambeth and Southwark. This study seeks to establish whether there is a perceived link between people’s financial lives (including the use of microcredit initiatives) and their health (focusing on the progression of long-term conditions) and the mediating mechanisms that might facilitate this association. These issues will be explored with low-income individuals who have long-term conditions, as well as expert stakeholders e.g. health and non-health practitioners, NHS representatives and local and national policymakers.  

With these aims, and using a mixed-methodology approach (financial diaries, interviews and Q methodology), our research seeks to answer the following questions:

1. How do low-income individuals with one or multiple long-term conditions manage their financial portfolios?

  • What are the specific financial issues that they encounter and what strategies do they use to ameliorate them?

2. Do low-income individuals with one or multiple long-term conditions perceive a relationship between income-based initiatives and health and wellbeing and vice versa?

  • If so, how is this relationship mediated by the presence of co-morbidities (one or more diseases co-occurring with a primary condition)?
  • What ‘mechanisms of action’ for health improvement might be implied from this?
  • What are the subjective views of low-income individuals and expert stakeholders on the role of different types of fair credit and advice services in enhancing health and wellbeing, relative to other types of public health initiatives?‌

 
150 x 150

Full details of the FinWell diaries research case sudy is available at: https://www.gsttcharity.org.uk/what-we-do/our-projects/finwell-exploring-impact-personal-finances-health and download a copy of FinWell Briefing Paper 1

For further information, please contact olga.biosca@gcu.ac.uk