A New Tool to Help Unlock Insights about Financial Well-Being

Capturing a clear picture of Americans’ financial lives involves looking at not only financial metrics but also the circumstances that shape people’s everyday lives, such as access to health care and affordable childcare. However, creating this holistic understanding can be difficult. Researchers and local officials must navigate a fragmented data landscape, which makes it challenging to understand people’s financial lives, much less develop solutions to improve them.

The Urban Institute’s Financial Well-Being Data Hub developed a tool to address the challenge by allowing users to browse financial well-being metrics across publicly available datasets. The tool’s more than 300 metrics include core measures of financial well-being, such as the value of household assets and debts, and contextual factors that shape people’s financial lives, such as disruptions due to climate-driven events. Users can filter metrics by data source, geography, and topic.