The Financial Wellness Index dashboard and mapping – created in partnership with Experian – provides a unique snapshot of a community’s financial health as measured by the average credit scores of its residents. Credit scores are important because they affect residents’ ability to borrow, the likelihood they can be resilient during difficult times, and their ability to achieve financial goals like purchasing a home or starting a business.
Making smart decisions about how best to help individuals and communities starts with good data which show the current status of a person or community’s financial wellbeing. This index is designed to not only show the average credit score of a community but also, and more importantly, identify communities where there are lower average scores. Understanding these data can help inform policy, program and service offerings, and can provide residents a greater understanding of their specific community’s financial health.
By better understanding the financial wellbeing of your community and those around you, you can help improve the wellbeing of those communities. Support others on their journey to financial freedom by donating to, volunteering, or partnering with Operation HOPE.