Figure 1
A layout compares objective measurement and subjective measurement in financial assessment.The layout contains two side-by-side rounded rectangles. Above the left rectangle, a small label reads “70 percent”. Inside the left rectangle, the heading reads “Objective Measurement”. Below it, the text states “Explains how a person’s finances are”. A smaller line underneath reads “(Computed from financial and transactional data)”. Above the right rectangle, a small label reads “30 percent”. Inside the right rectangle, the heading reads “Subjective Measurement”. Below it, the text states “Accounts for how a person perceives his finances”. A smaller line underneath reads “(Computed from the client’s financial profile)”.

Financial well-being indicator (FWI) composition. Source: Authors' own work

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