This post was originally published on this site
With April being National Financial Literacy Month and less than half of adults setting a budget, the free credit score website WalletHub released its report on 2022’s Most & Least Financially Literate States, as well as accompanying videos and expert commentary, which analyzes financial-education programs and consumer habits in each of the 50 states and the District of Columbia.
The study uses a data set of 17 key metrics, including the results of WalletHub’s WalletLiteracy Survey, which range from high-school financial literacy grade to share of adults with a rainy-day fund.
Financial Literacy in California (1=Most Financially Literate, 25=Avg.):
- 34th – WalletHub’s ‘WalletLiteracy Survey’ Score
- 15th – % of Adults Aged 18+ Who Spend More than They Earn
- 9th – % of Adults Aged 18+ with Rainy-Day Funds
- 33rd – % of Unbanked Households
- 30th – % of Adults Aged 18+ Paying Only Minimum on Credit Card(s)
- 43rd – % of Adults Aged 18+ Who Compare Credit Cards Before Applying
- 39th – High-School Financial Literacy Grade
For the full report, please visit:
https://wallethub.com/edu/most-and-least-financially-literate-states/3337
