Categories of financial wellness

THE four categories of financial wellness are:

Financially well (a score of 80 to 100). This household is financially well in the current political/economic/social climate. However, negative developments may cause the household to become financially exposed.

Financially exposed (a score of 60 to 80). Although the financial situation is not unwell, negative/positive changes will cause household to become either financially unstable or financially well.

Financially unstable (a score of 30 to 60). This household is financially unwell. Its financial situation is very unstable, and adverse events and wrong decisions can easily change its position to financially distressed. However, some opportunities are available to become financially exposed.

Financially distressed (a score of below 30). This household is deeply rooted in a financially distressed position. Major outside assistance is required for improvement.