What are the three levels of financial well-being mentioned?

The three levels of financial well-being are typically categorized as survival, comfort, and secure.

At the survival level, individuals or families are primarily focused on meeting their basic needs such as food, shelter, and clothing. This stage reflects a situation where financial stress is prevalent, and each decision often revolves around just getting by.

The comfort level indicates a stage where individuals feel more secure about their finances. At this level, people can cover their basic living expenses and have some extra resources for saving, small luxuries, or handling unexpected expenses, which alleviates some financial strain.

Finally, the secure level represents a state of financial stability where individuals have a solid financial foundation. Here, they not only manage their current expenses comfortably but also plan for future goals, such as retirement or significant investments, with less worry.

This categorization effectively captures the progression of financial well-being from basic survival to a more secure financial state, which is why this option is correct in describing the levels of financial well-being. Other choices do not align with these specific definitions and levels of financial health.