Dimensions and variables used to construct the objective FWI
| Dimension | Variables |
|---|---|
| Financial Sophistication | Having high liquid and low-risk savings products (e.g. Savings Account) |
| Having investments in mutual funds | |
| Having stocks, bonds or foreign currency investments | |
| Having a credit card | |
| Having consumer and microcredit loans | |
| Having mortgage or leasing loans | |
| Use of digital channels, payments and online transactions | |
| Protection | Having home insurance |
| Having life insurance | |
| Having children's education insurance | |
| Having other insurance types (e.g. vehicle) | |
| Wealth | Own a house Ratio Total debt/Assets |
| Debt | Credit score |
| Debt service/Income | |
| Credit card utilization ratio (Credit card balances/Total credit limit) | |
| Number of Credit card advances (3-month window) | |
| Days past due | |
| Number of loans refinanced (3-month window) | |
| Savings | Savings/Income |
| Time covered by emergency fund | |
| Make regular savings (3-month window) | |
| Planning | Ratio Variable Income/Fixed Income |
| Mean expenses variability (3-month window) | |
| Have direct debits | |
| Spending | Basic expenses/Income |
| Non-basic expenses/Income | |
| Paycheck to paycheck |
| Dimension | Variables |
|---|---|
| Financial Sophistication | Having high liquid and low-risk savings products (e.g. Savings Account) |
| Having investments in mutual funds | |
| Having stocks, bonds or foreign currency investments | |
| Having a credit card | |
| Having consumer and microcredit loans | |
| Having mortgage or leasing loans | |
| Use of digital channels, payments and online transactions | |
| Protection | Having home insurance |
| Having life insurance | |
| Having children's education insurance | |
| Having other insurance types (e.g. vehicle) | |
| Wealth | Own a house |
| Debt | Credit score |
| Debt service/Income | |
| Credit card utilization ratio (Credit card balances/Total credit limit) | |
| Number of Credit card advances (3-month window) | |
| Days past due | |
| Number of loans refinanced (3-month window) | |
| Savings | Savings/Income |
| Time covered by emergency fund | |
| Make regular savings (3-month window) | |
| Planning | Ratio Variable Income/Fixed Income |
| Mean expenses variability (3-month window) | |
| Have direct debits | |
| Spending | Basic expenses/Income |
| Non-basic expenses/Income | |
| Paycheck to paycheck |
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.