The financial health pulse reveals a stable global financial health score of 55, with encouraging improvements in financial learning and planning. These trends indicate a growing commitment to better money management and long-term financial security.
Canada & US: Both countries saw improvements due to a strong job market and higher savings rates. However, debt remains a major challenge, particularly rising household debt in Canada and persistent consumer debt in the US. Employers should consider enhancing financial wellbeing programs, focusing on debt management education.
Japan: Economic slowdown has led to declining financial health as the country enters a technical recession. This underscores the importance of financial preparedness in uncertain times.
India: With a fast-growing economy, financial health is mixed. While several sectors thrive, the manufacturing industry struggles, emphasizing the need for flexible financial planning.
Top financial trends
- Travel & Leisure: People are prioritizing travel, boosting the tourism sector while balancing financial responsibility.
- Retirement planning: Many are focusing on securing a comfortable future, making retirement savings a top concern.
- Mental wellbeing & financial stress: Financial struggles significantly impact mental health, increasing the demand for better financial management tools.
Looking ahead
The growing awareness of financial education and planning signals a shift towards greater financial wellbeing. Employers and individuals alike can leverage these insights to foster stability, balance, and long-term security.
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