The comparison of your score to others’ scores is made possible by our national survey. The tool allows you to compare your financial well-being score to other adults in the United States. How does financial well-being look across America? That’s why people with the same income, financial experiences, or education can have very different levels of financial well-being. Have the financial freedom to make the choices that allow you to enjoy life.Are on track to meet your financial goals.Have the capacity to absorb a financial shock.Have control over day-to-day, month-to-month finances.More specifically, having financial well-being is when you: We learned that financial well-being means having financial security and financial freedom of choice, in the present and in the future. What financial well-being meant to them, and we listened. Why doesn’t this questionnaire ask about financial details?īecause each person’s situation is unique and subjective, it is hard to describe financial well-being using only numbers like income, net worth, or credit score.
Together, they let you accurately and consistently measure your financial well-being before and after taking steps to improve your financial situation. To answer that question, you can use our financial well-being questionnaire and your resulting score. One of the key questions you might ask yourself afterward is, “Am I better off than before?” Being financially well means you can meet your current and ongoing financial obligations, feel secure in your financial future, and are able to make choices.
Maybe you’re planning to take action to improve your financial life-on your own or with help from others, maybe through a friend, coach, book, or financial services professional. We developed a questionnaire and a scoring method as a tool that can help you take stock of your financial well-being. The ultimate goal of our work is to help you improve your financial well-being.įinancial well-being means how much your financial situation and money choices provide you with security and freedom of choice. Ver página en español Why financial well-being?Īt the CFPB, we work to help consumers like you take control of your financial life to reach your own life goals,Īchieve financial peace of mind, and avoid pitfalls that can derail you.
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