Eight Ways to Measure Financial Health

Financial Education, BBVA EduFin

Abstract

This paper takes a closer look at the eight indicators Center for Financial Services Innovation (CFSI) have identified and ways that providers can help.

These indicators are: (1) Spend less than income (2) Pay bills on time and in full (3) Have sufficient living expenses in liquid savings (4) Have sufficient long-term savings or assets (5) Have a sustainable debt load (6) Have a prime credit score (7) Have appropriate insurance and (8) Plan ahead for expenses.

Full content of the publication

Tags

Financial Health

Authors

Sarah Parker

Director, Center for Financial Services Innovation (CFSI)

Nancy Castillo

Thea Garon

Rob Levy

Additional Information

Date published

01/05/2016

Document Type

Working paper

Geographies

Global

Target

Private sector, public sector, regulators, academics

Pages

18

Related publications

17 December 2019

TD Financial Health Index

In 2019, TD commissioned a national survey for the purpose of assessing overall “financial health” in Canada.

17 December 2019

U.S. Financial Health Pulse 2019 Trends Report

This report presents findings from the second annual U.S. Financial Health Pulse, which is designed to explore how the f...

17 December 2019

Study: The Psychological Cost of Debt

We surveyed over 1,000 indebted Americans to explore the link between happiness, fulfillment, self-esteem, and financial...