Why Financial Health?

Financial Health is the ability to feel in control of your money, both today and tomorrow.

Let's dig deeper.

The Intertwined Web of Physical, Mental, and Financial Health

Physical, mental, and financial health are deeply intertwined. Poor health in one area can lead to struggles in the others, creating a negative cycle. Prioritizing healthy habits and managing stress are key to breaking this cycle.

Financial Education vs Financial Health

Financial education is the knowledge of how money works. Financial health is the actual state of your finances. Education is the tool, but financial health requires applying that knowledge, building good habits, and sometimes a bit of luck.

Financially included, but NOT financially healthy.

Financial inclusion, while vital, is just the first step. Accessing financial services alone won't guarantee well-being. To empower individuals, we need a shift towards financial health, tackling the root causes of financial struggles and building long-term economic resilience.

Enabling the Sustainable Development Goals

Financial health is the key to achieving many of the UN's Sustainable Development Goals. It fights poverty, improves health, supports education, and drives economic growth. By making financial well-being accessible to all, we create a more sustainable and just world.

Poor Financial Health is a Global Problem.

More than 44 million working households—representing more than 90 million people across the United States—struggle to pay their bills each month. Nearly four in 10 households can’t withstand an unexpected monthly expense greater than $400 [1]. Globally, the majority of the population in many countries are financially ill-prepared to weather a prolonged income shock. According to a study that mapped global financial resilience, more than two-thirds of adults in Kenya, Vietnam, Greece, Chile, Colombia and Bangladesh would not be able to cover basic needs for three months using just their savings or by selling assets in the event they lost their incomes [2].

Our Methodology.

Financial inclusion alone doesn't guarantee financial health. Poorly designed systems, inequality, and lack of opportunity prevent this. We work with leaders across sectors to create more effective, inclusive, and just systems. Our approach combines experience with evidence, adapting as we learn. We aim to fix the root causes of economic inequality and transform systems to benefit everyone.

Identify

We begin by defining the problem we aim to solve. This involves collaboration between stakeholders and researchers to identify priorities, analyze data, and craft a feasible research question.

Diagnose

We leverage data, economic analysis, and existing research alongside partners to diagnose the root causes of the identified problem.

Design

We design evidence-based, economically sound innovations, incorporating monitoring and feedback systems with technology for data-driven improvement.

Implement, Measure, & Refine

We identify problems and design evidence-based solutions, rigorously testing them for real-world feasibility. We use data to track progress and guide continuous improvement. Our method emphasizes large-scale scientific testing, including randomized controlled trials. We learn from each step, iteratively refining our designs to maximize impact.

Financial health is the capacity to thrive sustainably.

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