Financial Well-Being: The Goal of Financial Education

A growing consensus is emerging that the ultimate measure of success for financial literacy efforts should be improvement in individual financial well-being. But financial well-being has never been explicitly defined, nor is there a standard way to measure it. This report provides a conceptual framework for defining and measuring success in financial education by delivering a proposed definition of financial well-being, and insight into the factors that contribute to it. This framework is grounded in the existing literature, expert opinion, and the experiences and voice of the consumer garnered through in-depth, one-on-one interviews with working-age and older consumers.

• | Author: Consumer Financial Protection Bureau (Cf
• | Publisher: Createspace Independent Publishing Platform
• | Publication Date: Mar 23, 2015
• | Number of Pages: 50 pages
• | Binding: Paperback or Softback
• | ISBN-10: 1508830916
• | ISBN-13: 9781508830917