What is Financial Health?

Financial health enables people to smoothly manage their current financial obligations and have confidence in their financial future.

Everyday.

Being able to smoothly meet financial obligations and consumption needs.

Resilience.

Having the capacity to absorb financial shocks.

Goals.

Being on track to reach future goals.

Confidence.

Feeling secure and in control of one's finances.

Source Adapted from the Finance Initiative of the United Nations Environment Programme.

Why is Financial Health important?

Financial health is a cornerstone for the sustainable development of our society and contributes to several Sustainable Development Goals as defined by the United Nations.

#1 No Poverty.

Financial Health increases economic participation, thereby reducing poverty.
#5 Gender Equality.

Financial Health ensures that men and women have equal access to economic resources.
#8 Economic Growth.

Financial Health promotes access to affordable banking products.
#9 Innovation.

Financial Health fosters economic growth and innovation, by funding entrepreneurship.
#10 Reduced Inequalities.

Financial Health increases responsible banking for low-income individuals.
#17 Partnership.

Financial Health is a vehicle to comprehensively promote the SDGs.

Source Adapted from the Finance Initiative of the United Nations Environment Programme.

How about Financial Health in Europe?

Recent events such as high inflation across Europe made financial health a hot topic. However, it is important to acknowledge its structural nature.

43%

of European households struggle to make ends meet each month.

Eurostat 2022.
30%

of European households can’t cover unexpected expenses of 1100€.

Eurostat 2022.

28%

of European households can’t afford a week-long vacation trip each year.

Eurostat 2022.
28%

of European households feel stressed in their daily lives due to financial issues

OECD/INFE 2020.

Everyday.

Resilience.

Goals.

Confidence.

43%

30%

28%

28%

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