The Financial Health Scorecard View of the Benchmarking app provides a high-level summary of financial well-being across three core pillars: Financial Stability, Financial Resilience, and Financial Security. This view serves as an entry point to deeper insights, allowing stakeholders to quickly understand how different population segments are performing across the full financial health framework.
Each pillar in the scorecard is a roll-up of multiple underlying indicators, grouped and weighted according to their significance in evaluating day-to-day financial health, preparedness for financial shocks, and long-term security.
The Scorecard View simplifies the complexity of financial data into a digestible, visual representation for comparative analysis and performance tracking.
Pillars and Their Definitions
Financial Stability
Measures the ability to manage day-to-day finances and meet immediate obligations.
A strong Stability score suggests:
- Reliable income
- Consistent budgeting
- Capacity to handle regular expenses with minimal stress
Financial Resilience
Reflects the capacity to bounce back from unexpected financial challenges, like sudden medical bills or job loss.
A higher Resilience score indicates:
- Accessible emergency funds
- Manageable debt levels
- Greater ability to adapt to financial shocks
Financial Security
Looks beyond the present to gauge preparedness for long-term goals.
A solid Security score means:
- Progress toward retirement savings
- Wealth accumulation
- Overall peace of mind about future financial needs
The Financial Health Scorecard aggregates individual indicators into pillar-level scores, offering a concise overview of financial wellness. This view is ideal for high-level analysis, trend monitoring, and executive reporting. For more detailed insights, users can drill down into each pillar view—Stability, Resilience, or Security—to explore the underlying indicators driving performance.
