Measuring Financial Health in Low and Middle-Income Countries

Sabina Yasmin, Sampurna Basu, Nelson G Mathews

December 2023

In the last decade or so, considerable progress has been in bridging gaps in access to finance worldwide. In emerging economies, the financial inclusion agenda has also gained significant momentum. Meanwhile, there is growing recognition that for inclusion to deliver on its mandate, it must also enable improved financial health outcomes for individuals and households from low- income and vulnerable segments such as informal sector workers, women, elderly, among others. These outcomes may vary significantly with individual, social and cultural characteristics. As financial health moves from a relatively abstract concept to a useful guiding framework for policy and practice, there is an increasing need to develop contextually relevant measures for Low-and Middle- Income Countries (LMICs).

This report by LEAD at Krea University in collaboration with the UNCDF and Access Development as a part of the Community of Practice on Financial Health presents various dimensions of the financial health of the gig workers in India vis-à-vis the nature of their employment, which can help inform the design of financial offerings and social security initiatives such as saving preferences.



Thematic Area

Financial Well-being and Social Protection