Following a rigorous research effort to develop a consumer-driven definition of financial well-being, the CFPB developed and tested a set of questions–a “scale”–to measure financial well-being. The scale is designed to allow practitioners and researchers to accurately and consistently quantify, and therefore observe, something that is not directly observable–the extent to which someone’s financial situation and the financial capability that they have developed provide them with security and freedom of choice. This guide describes the research behind the CFPB Financial Well-Being Scale and provides detailed steps for using it, including how to score individuals’ responses and compare their scores.
MyMoney Resources - Life Events
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Agency Owner: Consumer Financial Protection Bureau
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This publication helps you manage your money so you can afford today’s needs while funding tomorrow’s goals. This publication shows how saving for retirement can be part of your overall financial plan. Worksheets will help workers at any stage of their career manage their financial life, including identifying short and long term goals, calculating net worth, building a budget, tracking debt and determining a target retirement saving rate.Available in English and Spanish.
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Document Type: Website
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Many workers aren't aware of the laws that protect their health benefits. This Department of Labor Employee Benefits Security Administration video provides information for workers about their health care rights. The video also has links to additional information to help workers take full advantage of their employer-sponsored benefits.
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Document Type: Website, Video
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For newlyweds, the first big financial decisions go beyond how to pay for the honeymoon and how to invest all those checks. They also involve starting a new household on solid ground financially. "Financial incompatibility is a primary reason for a significant number of failed marriages," said Lee Bowman, National Coordinator for Community Affairs. "Achieving harmony regarding financial matters before marriage, or as early in the marriage as possible, is critical to sustaining the relationship and preventing conflicts."
Agency Owner: Federal Deposit Insurance Corporation
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Confused over credit card terms and conditions? This brochure is a spin-free guide to reading the fine print in credit card offers and agreements.
Agency Owner: National Credit Union Administration
Document Type: Brochure
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This website provides Information about Social Security benefits that women should know as brides, new mothers, divorced spouses, caregiver or widows.
Agency Owner: Social Security Administration
Document Type: Website
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The Social Security Administration might be able to help you if you or someone you know is a surivor of domestic violence by providing a new Social Security number. Information is provided on when and how to apply for a new number.
Agency Owner: Social Security Administration
Document Type: Website, Article
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This special edition of FDIC Consumer News puts special focus on staying focused and avoiding costly decisions during major life events.
Agency Owner: Federal Deposit Insurance Corporation
Document Type: Website, Article
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This edition of FDIC Consumer News focuses on tips for newlyweds. For these couples, the first big financial decisions go beyond how to pay for the honeymoon and how to invest all those checks. They also involve starting a new household on solid ground financially.
Agency Owner: Federal Deposit Insurance Corporation
Document Type: Website, Article
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