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Crunching the numbers

Financial health at center of data gathering effort

The Center for Financial Services Innovation, Chicago, is compiling data for a U.S. Financial Health Pulse, a project using previous research to create "a holistic assessment" of Americans' financial health.

The organization, which expects to issue its results late this year, will incorporate information on income, spending, savings, debt, retirement and credit scores, a news release said.

The non-profit group conducts research to improve consumers' financial health, "especially the underserved by shaping a robust and innovative financial services marketplace with increased access to higher quality products and services," according to the organization's website.

"Data will be collected to identify broad trends in financial health across the country and within specific subgroups, including by age, gender, ethnicity, status and more," the news release said. Shannon Austin, a spokeswoman, did not return a request for comment by press time.

The organization is working with the University of Southern California's Center for Economic and Social Research, and its project is being supported by the Omidyar Network, MetLife Foundation and AARP.