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Financial Vulnerability Index (15408) Metric type
- Help text
- This is the calculated financial vulnerability score, which can be used to track economic conditions over time. This UK data is produced as part of a joint project by the Urban Institute and Lowell.
These statistics include data on six facets that capture a household’s ability to manage daily finances and resist economic shocks: (1) carrying defaulted debt, (2) claiming work-related social benefits, (3) holding a high-cost loan, (4) relying heavily on credit, (5) lacking emergency savings, and (6) using alternative financial products. These components are measured using Lowell’s research and operational data, the Financial Conduct Authority's Financial Lives survey, and data from the Department for Work and Pensions and the Office for National Statistics. The index is created by standardising each component, weighting each component using factor analysis, and normalising the index from 0 to 100.
- Modified
- 09 Jul 2021
- Data last updated
- 19 Oct 2022
- Short label
- Financial Vulnerability Index
- Status
- Live
- Output precision
- 1
- Polarity
- a low value is good
- Measure
- Index score
- Dataset
- Financial Vulnerability Index
- Collection
- Financial Vulnerability Index
- Source
- Lowell
- is found in the following lists
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