Household Wealth Index vs Well-being Index

These two phrases are not directly comparable as they refer to different concepts. 'Household wealth index' is a measure of the financial assets and resources of a household, while 'well-being index' is a measure of the overall quality of life and happiness of individuals or communities. They serve different purposes and are used in distinct contexts.

Last updated: March 17, 2024 • 819 views

This phrase is correct and commonly used in the field of economics and social sciences to refer to a composite measure of the financial resources and assets of a household.

"Household Wealth Index"

The 'household wealth index' is a quantitative measure that combines various indicators of a household's financial well-being, such as income, savings, investments, and property value.

Examples:

The household wealth index of the country has been steadily increasing over the past decade.
Researchers use the household wealth index to analyze disparities in economic well-being among different demographic groups.
The government uses the household wealth index to assess the financial stability of households in the region.

Show examples from the web [+]

Distribution of household wealth index scores. Egypt 1995. Cases weighted by HHWEIGHT. 3000. 2000. 1000. 0. Std. Dev = 1.01. Mean = -.02. N = 10759.28.
each household's wealth index score is multiplied by the coefficient β and the constant term α is added to the product. To produce comparative wealth quintiles, ...
The Momentum/Unisa Household Wealth Index indicates that households' wealth increased at an annualized rate of 12.1% between Q4 2014 and Q1 2015.
... public and human assets as determinants of socioeconomic inequalities in contraceptive use in Colombia-moving beyond the household wealth index.

Alternatives:

household financial index
wealth index of households
economic well-being index

This phrase is correct and commonly used to assess the overall quality of life, happiness, and satisfaction of individuals or communities. It is often used in social sciences and public health research.

"Well-being Index "

A 'well-being index' typically includes indicators related to physical health, mental health, social relationships, and economic stability to provide a holistic view of individuals' or communities' well-being.

Examples:

The well-being index of the city improved significantly after the implementation of new public health programs.
Researchers use the well-being index to compare the quality of life across different regions.
The government uses the well-being index to prioritize policies that enhance the overall well-being of the population.

Show examples from the web [+]

Well-Being Index.
The Gallup-Healthways Well-Being Index® surveys 500 Americans every day. The index is a partnership between Gallup and Healthways that began in January ...
The Gallup-Healthways Well-Being Index provides an in-depth, nearly real-time view of Americans' well-being. Having an awareness of U.S. residents' ...
... and the uninsured based on Gallup-Healthways Well-Being Index data from 2012 and 2013. To explore and export full trends since 2008, subscribe to Gallup ...

Alternatives:

quality of life index
happiness index
life satisfaction index

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Household Wealth Index vs Well-being Index