With National Financial Literacy Month coming up in April, the free-credit-score website WalletHub today released its report on 2016’s Most & Least Financially Literate States, which analyzes financial education programs and consumer habits in each of the 50 states and the District of Columbia.Here’s the stats:
Financial Literacy in New York (1=Most, 25=Avg.):
- 10th – WalletHub’s ‘WalletLiteracy Survey’ Score
- 19th – % of Residents Who Spend More than They Earn
- 2nd – % of Residents with a Rainy-Day Fund
- 26th – % of Residents Borrowing from Non-Bank Lenders
- 8th – % of Residents Making Only Minimum Payment on Credit Card(s)
- 3rd – % of Residents Who Compare Credit Cards Before Applying
- 6th – Champlain University High School Financial Literacy Grade
- 10th – % of Residents with at Least a Bachelor’s Degree
WalletHub’s data set of 12 key metrics — including the results of WalletHub’s proprietary WalletLiteracy Survey — ranges from Champlain University’s High School Financial Literacy Grades to the percentage of residents with a rainy-day fund.
For the full report, please visit:
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