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This is a report that provides a first-of-its-kind view into the state of financial well-being in America using the Consumer Financial Protection Bureau (CFPB) Financial Well-Being Scale to measure people’s sense of financial freedom and security. The report summarizes the results of a survey showing, among other things, that:

• People’s sense of financial well-being varies significantly in ways that are not entirely aligned with differences in income, education and other commonly used economic measures.
• People’s sense of financial well-being is grounded in real life financial circumstances.
• Many factors associated with large differences in levels of financial well-being are currently the focus of a range of financial capability programs.

Here are two additional resources to help practitioners and researchers:

• A public use dataset containing the data from the survey that provides researchers a tool to examine the relationship between financial well-being and a number of factors.
• An interactive version of the CFPB’s Financial Well-being Scale that practitioners can use with their clients in their work or consumers can use on their own.