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Peer Score

May 19, 2016 10:19AM EDT

From a financial fitness standpoint, I think it is misleading to compare to peers. Our country's financial fitness is in shambles, with people carrying extreme amounts of debt and little savings. So comparing to my peers doesn't really tell me if I'm doing well. I think a better gauge would be if I was doing well according to my personal goals or toward a matrix that includes what is considered "financially healthy".

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HelloWallet Support Answer

May 19, 2016 06:01PM EDT
HelloWallet Support

While yes, our country’s financial fitness isn’t wonderful, the peer score specifically compares you to people who are in the same income and age range as you are, so it truly is an apt comparison. You’re not being compared to people who make considerably less or more than you are.

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