“The Financial Resilience Institute defines household financial resilience as a “household’s ability to get through financial hardship, stressors and shocks as a result of unplanned life events,” measured through its Seymour Financial Resilience Index™ (Index).
This Index measures financial resilience using indicators such as having household savings, stress levels related to financial obligations and debt management. Based on these and other indicators, Canadians are scored from 0 to 100 in terms of their household’s financial resilience.”
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https://www.theglobeandmail.com/business/adv/article-the-road-to-financial-resilience/
