New category for measuring financial wellbeing : In the Green
Industry News | 29/01/21
Yolt, the smart-thinking money app, has partnered with the Centre for Economics & Business Research (Cebr) to reveal a new category for measuring financial wellbeing: ‘In the Green’, that goes beyond the traditional ‘In the Red’ i.e. being in debt and ‘In the Black’ i.e. living payday to payday.
The research revealed over 9 million people (17% of UK adults) in the UK are already ‘In the Green’. However, an estimated 10.4 million people have not yet established money management habits to bolster their financial security, leaving them exposed to potential ongoing financial shocks.
Source: The Fintech Times
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