Financial Health Programs: Core Metrics for Defining Impact
An essential step toward understanding the impact of financial health programs is developing a common language for measurement.
BY CHINENYE OKPARA - With high inflation rates worldwide, more people are facing financial stress: nearly half of the adults sampled across several major economies reported being stressed about their personal finances. Financial health programs play acritical role in supporting individuals and families to stay afloat, save and prepare for the future. These programs are diverse, ranging from financial literacy workshops to credit counselling services and income support interventions. An essential step toward understanding the impact of financial health programs is developing a common language for measurement. Standardizing metrics will enable comparison across programs, facilitate the evaluation of sector trends, and inform effective resource allocation.