10 Smartest States for Financial Literacy: 2019
April 9, 2019 by Emily Zulz
With total American credit card debt surpassing $1 trillion for the first time in 2018 and only two in five adults having a budget, it’s clear that better financial education is necessary.
However, these problems aren’t as pronounced in every state. A new WalletHub studylooks at which states’ residents are the most financially literate.
In order to do this, WalletHub analyzed financial education programs and consumer habits — combined with the results of WalletHub’s proprietary WalletLiteracy Survey — in each of the 50 states and the District of Columbia.
WalletHub’s data set of 17 key metrics includes information like a high-school financial literacy grade, median credit score, share of adults with rainy-day funds, and share of adults who save for their children’s college.
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