I am currently doing a project on financial wellbeing, but on the level of entire countries. I am aware of studies and data pertaining to financial inclusion, as often studied in Development Economics, usually gauged by access to the banking system by seeing the total number of transactions/ number of ATMs in a region/ number of bank accounts/ account holders etc. (see a, b and c).

But financial wellbeing I am told is much broader, and includes control over timely expenses, the capacity to absorb a financial shock, being on track to meet one's financial goals and the financial freedom to make the choices to enjoy life (see d). These seem rather personal to me, and I am not sure if some aggregate measures on the level of nations are available or even which variables to use. There are individual-level primary data questionnaires for measuring financial well-being like this, used here too. The former also aggregates the individual level results into US state-level statistics.

Is such data available at the country level instead of state level, internationally? Any widely used index of a country's overall financial wellbeing?

Also, are there alternatives to using surveys like this, that use other statistics that can be measured at the level of countries, used in the literature? I can imagine using financial inclusion-like data for proxies, for example the percentage of people having a bank account, the average frequency of transactions in the last year from bank/ government data instead of asking in the survey etc. But is there a set of such variables that is usually used in the literature? Any composite measures of the components or maybe of wellbeing as a whole? What are some good usable datasets for this?



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