YIACS and Money Matters

YIACS and Money Matters is a research project testing the effectiveness of the YIACS model in improving young adults’ financial capability and increasing understanding of the relationship between mental health and financial capability.

We know that YIACS’ offer of an integrated package of help in an accessible, non-stigmatising, flexible, community-based setting is especially effective in helping those with complex and inter-related problems, e.g. homelessness, debt and depression. However, whilst we have good evidence of the impact of social welfare advice delivered by YIACS on young people’s mental health, we do not currently have equivalent evidence on YIACS’ impact on financial capability. Also, whilst the relationship between financial capability and psychological wellbeing in the general population has been well evidenced, little work has been conducted to understand the relationship between mental health and wellbeing and financial capability of young people.

Funded through the Money Advice Service’s ‘What Works Fund’, the project will run from April 2017 to May 2018. Young people will access nine YIACS sites across England on a self-referral basis and will be offered packages of help and support aimed at improving their financial capability based on their identified needs.

The participating YIACS, all of which offer a combination of prevention, early intervention and crisis help and support on a wide range of issues, are:

  • Croydon Drop-In
  • It’s Your Choice, Totton
  • MAP, Norwich
  • No Limits, Southampton
  • Service Six, Wellingborough
  • Young Persons Advisory Service, Liverpool
  • Young People Cornwall
  • Youth Advice Centre, Brighton
  • The Zone, Plymouth

The evaluation, which is being led by the Learning and Work Institute, will collect pre and post survey data, as well as additional qualitative data, on up to 500 young people. It is hoped that the evidence gathered will make an important contribution to understanding what works with regards to supporting young people during the transition to adulthood and will fill a critical gap in the current evidence base around how to help disadvantaged young people to become more financially resilient.

Further information

Please contact James@youthaccess.org.uk