This story appeared in Bank Digest.
The Consumer Financial Protection Bureau has issued a report entitled "Financial well-being in America," which presents results from the National Financial Well-Being Survey, conducted in late 2016. The findings include the distribution of financial well-being scores for the overall adult population and for selected subgroups, which show that there is wide variation in how people feel about their financial well-being.
The report provides insight into which subgroups are faring relatively well and which ones are facing greater financial challenges, and it identifies opportunities to improve the financial well-being of significant portions of the U.S. adult population through practice and research.
According to a CFPB press release, the Bureau has also released an interactive online tool allowing consumers to measure their level of financial well-being.