The definition is groundedin the existing research literature, expert opinion, and theexperiences and voices of consumers, which were gathered through 60hours of in-depth, one-on-one interviews with both working-age andretired consumers. (Photo: Shutterstock)

Recently, I've seen a number of articles lamenting theperception among both plan sponsors and advisors that there is nowidely accepted, agreed-upon definition of financial wellness. I myself have referencedthis perception, in relation to determining an ROI for financialwellness.

While confusion about what financial wellness means may be the case inpractice, I have to disagree regarding the existence of adefinition. We actually do have one, and we've had it for 4years—since 2015.

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