Financial Wellbeing
From Open Risk Manual
Definition
Financial Wellbeing means a financial condition of an individual or a family that has adequate resources to live a comfortable life according to the norms and expectations of a particular society.
The Organization for Economic Co-operation and Development considers Financial Education, Financial Inclusion, and Financial Consumer Protection as the three ingredients to achieve Financial Wellbeing
See Also
- Financial Literacy is considered an important measure and outcome of financial education towards achieving financial wellbeing
