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4 out of 10 Colombians feel that they lack money at the end of the month

Financial consumers who have at least one deposit, credit or digital wallet product achieve higher levels of financial well-being.

Financial Inclusion demand study
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Banca de las Oportunidades revealed the latest results of the Financial Well-being Index, calculated based on data from the 2022 Financial Inclusion Demand Survey. This indicator reflects the level of satisfaction of adults with respect to their economic obligations, control of their finances and their ability to make decisions around money.

The survey, applied by the Centro Nacional de Consultoría -CNC-, collected information from 5,513 people over 18 years of age from all regions, on 10 statements associated with their financial situation.

For this year, the country obtained a result of 51.6 points, showing an improvement versus 2020, the year in which the result was 49.8. This indicator is measured on a scale in which 14 is the lowest level and 95 is the highest, according to the methodology designed by the United States Consumer Financial Protection Bureau and which was replicated for this measurement.

“Although challenges persist to improve the levels of financial well-being of Colombians living in rural areas and those over 65 years of age, the data confirms that the country continues on the path of economic recovery that began in 2021. Continuing with these measurements will strengthen the development of the financial inclusion policy”, highlighted Freddy Castro, director of Banca de las Oportunidades.


The study showed that six out of ten Colombians frequently think about their income, expenses and debts. This figure grew significantly, compared to the 2020 measurement, carried out with information from the CNC Digital Appropriation Survey, at that time only two out of ten Colombians did the same.

From the Survey it is derived that 51% are convinced that they can enjoy life in the way they manage their money, while 25.6% are not.

In fact, only 36.7% of those surveyed indicated that with their current finances they could face an important expense or unforeseen event. In 2020 that percentage was 25.0%.

For their part, 45.7% say they are ensuring their financial future to a small extent; likewise, 19.7.8% consider that due to their current state they will never have the things they want in life.

39.6% of the Colombians required in the survey indicated that they lacked money at the end of the month and 38.6% worry that their savings will not last compared to 38.9% who feel calm about this issue.

“It is important to continue working to promote financial well-being, the ultimate goal of financial inclusion. The development of capacities that allow better decision-making around money is a way to achieve this goal”, concluded Daniela Londoño, head of economic analysis at Banca de las Oportunidades.


The survey indicates that those adults who have at least one deposit or credit product have a higher indicator of financial well-being than those who do not. Likewise, consumers who have a digital wallet versus those who do.

On the other hand, men perceive greater well-being than women. Likewise, older adults - over 65 years of age - report a lower level of satisfaction than young people between 18 and 25 years of age. The region in which its inhabitants have the greatest well-being is the Central East and the region with the least Caribbean.

By level of rurality, the study revealed that in cities and agglomerations, the adults surveyed feel more satisfied with their finances, followed by rural and scattered rural areas. On the other hand, the intermediate populations are located as those with the lowest well-being.

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1 Comment

It's disheartening to learn that 4 out of 10 Colombians struggle financially each month. Economic stability is crucial for a thriving society. Initiatives like the one at can offer innovative solutions. Let's hope for more accessible resources and opportunities to empower individuals, ensuring a brighter future for all.

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