A Global Movement to Focus on Financial Health
Financial health – or wellbeing – is emerging as a core concept for financial sector policymakers and providers who are concerned with how financial services affect consumers.
This blog series explores the findings of the expert working group on financial health, convened by H.M. Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA). The blog posts in this series provide an introduction to the concept of financial health and aim to answer the following questions:
- How do we define financial health?
- Why should policymakers focus on financial health?
- How do we measure financial health and what are the challenges in doing so?
- What is the role of the private sector in financial health?
- What is the relation between financial health and consumer protection?
Financial Health and Consumer Protection: Two Frameworks Converging
What do these distinct yet overlapping frameworks have in common and how do they affect each other?
Financial Health: The Opportunity for Financial Service Providers
If FSPs prioritize the financial health of their customers, they will not only increase customer loyalty, but they will build a more robust client base that will lead to longer term sustainability for their businesses.
How Do We Measure Financial Health?
In the third post of our blog series on financial health, we explore how capturing the essence of this multi-dimensional concept takes us beyond standard measures of financial access or income.
Four Ways Financial Sector Policymakers Can Promote Financial Health
In the second post in our blog series on financial health, we explore what policymakers can do to ensure that the financial sector works to support people’s financial wellbeing.
Financial Health Goes Global
This post is the first in the FinDev Blog series on financial health, introducing the concept of financial health and discussing new efforts to apply the concept in low- and middle-income countries.
Guide to Financial Health
This guide summarizes recent work on financial health that is relevant for policy and practice across the world, to help you get up to speed on the current state of the financial health movement.