Financial Well-Being Index Model for Global Citizens 

Complemented by an Individual or Household’s Overall Well-Being Score.

The Institute’s Financial Well-Being Index Model measures and tracks consumer financial well-being, defined as ‘a state of being wherein a person can meet their current and on-going financial obligations, can feel secure in their financial future and is able to make choices that allow them to enjoy life’.

The Index model builds on the Institute’s Financial Well-Being Framework developed in 2016. It also builds on over ten years of robust longitudinal Financial Well-Being Studies data and analytics (2017 to 2025). The instrument is being made available by our non-profit Institute in line with our impact goals and vision to improve financial resilience, health and well-being for all. It has application across many countries.

The Financial Well-Being Index Model is a free, publicly available survey instrument and measurement tool. It can be harnessed by Policymakers, Financial Institutions and purpose-driven organizations and leaders around the world as they seek to drive systems change and improve the financial well-being of people and communities. This includes in people who are more financially vulnerable, facing barriers or underserved by Policymakers, Financial Institutions and other organizations.

 

A simple, robust Financial Well-Being Model and Score

The Financial Well-Being Index Model is complemented by with an Overall Well-Being Score for Canadians and global citizens.

Financial Well-Being Index Model Indicators and Weightings

Financial Resilience

Financial Well-Being Index Scoring Model and Segments

Seymour's Financial Vulnerability

The Financial Well-Being Index Model is complemented by with an Overall Well-Being Score for Canadians and global citizens. Overall Well-Being is defined as ‘how people feel and how they function both on a personal and social level, and how they evaluate their lives as a whole.’ Here, six well-being dimensions are measured, of which one is Financial Well-Being.

Overall Personal Well-Being Dimensions

Overall Well-Being: Scoring Model and Segments

Make the most of the Index Model and Toolkit as a free, self-serve tool

Organizations and financial health leaders can harness the Index Model and Toolkit as a self-serve measurement instrument and tool. Check out the Financial Well-Being Index Model and Toolkit available subject to our free License Agreement.

You can lever the Financial Well-Being model, with or without the Overall Well-Being score component. The instrument and toolkit can complement other transactional data, models or instruments as well.

Well-being focused leaders and organizations can use the Overall Well-Being Score and Toolkit on its own too, to measure their stakeholders’ overall well-being score in a simple way.

Become a grant funder or partner to accelerate financial well-being impact together

Our non-profit leads and supports financial well-being impact projects in line with our impact goals, with our work made possible thanks to the support of our grant funders, partners and supporters. Become a funder and help us accelerate financial well-being impact and innovation or contact us to contribute to collaborative impact projects.

Work with us to access customized research and impact measurement services

Our growing team provide independent, customized financial well-being impact measurement, research analytics and advisory services in Canada and globally, for purpose-led Financial Institutions and organizations. Learn more in our 2024 Impact Report and example projects.

The Financial Well-Being Index Model and Toolkit can complement customized Financial Well-Being Studies or other studies and analytics for your country or organization. It can also align with other instruments and services provided by our non-profit, or your own organization. Contact us to discuss your goals and explore ways to help measurably improve the financial and overall well-being of people, businesses and communities together.