2.2.4 Combined measures of financial well-being Few authors rely entirely upon subjective measures to define financial well‐being, The most dominant and influential framework for financial well‐being incorporates subjective and objective measures, and was developed by Porter and Garman (1993). This model takes its inspiration from the Model of Life Satisfaction (Campbell, Converse and Rogers, 1976) which is a measure of general well‐being. The authors adapt this framework to take into account financially healthy behaviours and the individual’s perspective on their financial situation. They add a further two areas for analysis. The first is an individual’s subjective comparison of their financial situation with their peer group, as these act as the reference points that people use for judging their financial status. The second is an individual’s assessment of changes in their financial history and perceptions of likelihood of positive or negative future change.