Most & Least Financially Literate States

For National Financial Literacy Month, WalletHub’s senior editor John Kiernan profiled the most and least financially literate of the 50 states and the District of Columbia. New Hampshire ranked 1st; Louisiana, last. Many different factors were used, including high school graduation rates, households who borrow and bank outside of the banking system; and percentage of households with a rainy day fund. Click below to find out where your state ranks.

He also asked me a few questions about how to improve literacy at home, in schools, and in the U.S. How would you have answered his questions? Read more here:

https://wallethub.com/edu/most-and-least-financially-literate-states/3337/#holly-donaldson

What can you do to improve your own financial literacy? How can you help others improve theirs? What should our policy be in schools and in Congress about financial education topics?

Kiernan notes that credit card debt has now topped $1 trillion. Share the data showing how far we have to go with financial literacy. Encourage others. Comment here, or at the WalletHub article.

 

Holly Donaldson

Holly Donaldson, CFP® runs an hourly and fee-for-service financial planning practice virtually from her Tampa Bay, Florida office. She also works with clients throughout the U.S. (except Texas) interested in retirement and tax planning advice without product sales or investment management. Holly is the author of The Mindful Money Mentality: How to Find Balance in Your Financial Future (Porchview Publishing, 2013) and publisher of the award-winning monthly e-letter, "The View From the Porch."

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