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 • 690 views

Household Wealth Index

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.

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

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.

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

What Our Customers Are Saying

Our customers love us! We have an average rating of 4.79 stars based on 283,125 votes.
Also check out our 2,100+ reviews on TrustPilot (4.9).

"Thank you!"
Sachi Nakama July 2024
"I have literally been through chat, PI, claude, bard and bing and I got conflicting answers! Thank you! Human intelligence reigns!"
Retha July 2024
"Faster than AI"
CYNTHIA December 2023
"This was very helpful and I personally think this site is the best."
Kaden October 2023
"It was extremely thorough and very helpful!"
imperialelisa October 2023
"7 years without any disappointment. Always 100% satisfied. You guys are the best in the world at what you do. Thank you so much :)"
Zubair Alam October 2023
"In a world of text messages and online communication, this is great to have as a live tool. Thank you."
Selena October 2023
"Without textranch I would be stuck!"
宏祐 October 2023
"Accuracy and fast response. Personal comments from editor. Thank you."
Clh September 2023
"I wasn't aware of this service, it's fascinating and more reliable than standard IA tools available on the internet"
Arturo September 2023
"The fact that you can get reliable fast feedback on your texts."
Vinicius Antonio August 2023
"you guys are better than grammarly i'm being honest here"
ordinary July 2023
"OMG! This is really good than any other text correction tools I've used so far. Highly recommend this."
Vehan July 2023
"Very fast and accurate. thank you."
mojtaba July 2023
"I love this app because it's help to writing skills all of students ♥️"
Tarisini July 2023
"This was exactly the mistake I was looking for, the wording dind´t sound right at first. Better than grammarly!"
Ente July 2023
"The immediate help that I received was reassuring and very satisfactory. Thanks."
priiiyanshuu July 2023
"this helps A LOT for my studies."
kathnunez02 June 2023
"Woow!! I would never have expected such precision! Thank you soooo much!!"
Berta June 2023
"Real Time Editor and not AI. Many Thanks."
Priya June 2023
"The very first thing excites me about Textranch is how much your editors care."
sepideh June 2023
"The fact that texts are checked by human editors rather than by AI, etc. I appreciate this!"
Анна June 2023
"Feel welcome, immediate response, high quality feedback"
martin.roy June 2023
"This is the best app that I have ever seen"
Burulai May 2023