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    Published on Monday, October 14, 2019

    Financial Health: Prevention Is Better than Cure

    Summary

    Financial Education Day was celebrated in Spain on Monday, October 7. We have also recently started to notice the effects of the beginning of autumn on health.

    Key points

    • Key points:
    • Failing to plan for the typical temperature changes of this season of the year can compromise our health. Lack of foresight can also cause problems in other scenarios. This simile of physical health can be transferred to financial health perfectly.
    • Financial health is understood to be the state in which we can fully meet our financial obligations, feel confident about our future, and make decisions that generate well-being throughout our lives.
    • Taking good care of our financial health is one of the most important measures that we can take to avoid financial vulnerability.

    Geographies

    Authors

    Alfonso Arellano
    Noelia Cámara BBVA Research - Principal Economist

    Documents and files


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    Press article (PDF)

    Alfonso_Arellano_Noelia_Camara_salud_financiera_mas_vale_prevenir_que_curar_Expansion_.pdf

    Spanish - October 14, 2019

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