Impacts on Well-being
Financial health is about your ability to balance your financial needs for today with those of tomorrow, and get through times of unplanned financial hardship.
Why Financial Health & Resilience Matters
Financial health is vital to overall emotional and physical wellbeing, family stability and people achieving their life goals – not just for today but for generations to come. Unfortunately, money stress, ‘money loneliness’, and the complexity of navigating our financial lives has never been greater. Find out more through our white papers and latest 2019 Key Findings and 3-Year Trends Report, based on our 2019, 2018 and 2017 Financial Health Index studies.
Disruption and change in the Financial services industry means that committed financial innovators and institutions needs to put their customers, and their financial health, squarely at the centre. This way, they can to be relevant and support their needs and pain points, while differentiating their organizations and creating an improved customer experience.Financial institutions are being asked to do more to support peoples’ financial well-being in a broader sense, and in order to put customers’ best interests first, while deepening relationships.
Financial health is a new avenue for customer-focused innovation and good for the financial services industry, while creating positive social impact.
In return, financially healthy and resilient customers offer new opportunities for engagement, loyalty, and long-term revenue streams for organizations, plus reduced credit risks.
Is your organization ready? We can help
Financial health, resilience and wellness
Financial Health is about your ability to balance your financial needs for today with those of tomorrow, and get through times of financial hardship.
Financial resilience speaks to your ability to weather unforeseen life events, financial stressors or shocks.
Financial wellness speaks to your emotional peace of mind in terms of your financial situation and current and future financial obligations. The opposite is financial stress.