Difference between revisions of "Financial Wellbeing"

From Open Risk Manual
 
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== Definition ==
 
== 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.
 
'''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.
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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 ==
 
== See Also ==
* [[Financial Literacy]] is considered an important support element towards achieving financial wellbeing
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* [[Financial Literacy]] is considered an important measure and outcome of financial education towards achieving financial wellbeing
  
 
[[Category:Personal Finance]]
 
[[Category:Personal Finance]]

Latest revision as of 15:30, 25 September 2021

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