Explore financial well-being findings
Financial well-being: a state wherein a person can fully meet current and ongoing financial obligations, can feel secure in their financial future, and is able to make choices that allow them to enjoy life.
A person’s financial well-being is determined by the extent to which they feel that they:
- Have control over day-to-day, month-to-month finances
- Have the capacity to absorb a financial shock
- Are on track to meet his or her financial goals
- Have the financial freedom to make the choices that allow one to enjoy life
Analyzing financial well-being
There are multiple factors that affect a person’s financial well-being, some of which are within a person’s control and some of which are not. There is, however, increasing evidence that positive financial behaviors may improve people’s financial situations, which in turn may improve financial well-being. Evidence also suggests that strong financial skills and financial self efficacy— that is, confidence in your ability to achieve financial goals—can improve financial behavior.
Financial well-being in America
This report provides a first-of-its-kind view into the state of financial well-being in America.
Pathways to financial well-being
The study points to a strong potential role for financial education in improving people’s financial well-being.
Financial skill scale
Measure how well a person has developed three key skills that apply to money decisions.
Building blocks to help youth achieve financial capability
Understand the critical attributes, abilities, and opportunities that support the development of financial capability in young people.
Financial well-being of older Americans
The report describes the distribution of financial well-being scores for adults ages 62 and older.
Financial well-being of veterans
The report examines the distribution of financial well-being scores for veterans in the United States.
Financial well-being of Hispanics
The report describes the distribution of financial well-being scores for Hispanic adults in 2018.