Caregivers as money managers for adults with severe mental illness: how treatment providers can help.

Journal Article

OBJECTIVE: To review the prevalence, benefits, and problems associated with families who, either informally or formally as representative payees, manage money for adults with severe mental illness. METHODS: Based on empirical research and clinical cases, suggestions are offered for minimizing downsides and capitalizing upon benefits of family money management. RESULTS: The findings and case vignettes demonstrate four specific strategies for treatment providers: facilitating collaboration, increasing knowledge about disability funds, improving money-management skills, and developing plans for financial decision-making. CONCLUSION: By following these recommendations and becoming aware of whether their clients had family money managers, clinicians can promote independent functioning and family support for a substantial number of people with severe mental illness.

Full Text

Duke Authors

Cited Authors

  • Elbogen, EB; Wilder, C; Swartz, MS; Swanson, JW

Published Date

  • March 2008

Published In

Volume / Issue

  • 32 / 2

Start / End Page

  • 104 - 110

PubMed ID

  • 18349329

International Standard Serial Number (ISSN)

  • 1042-9670

Digital Object Identifier (DOI)

  • 10.1176/appi.ap.32.2.104

Language

  • eng

Conference Location

  • United States