Mon. Dec 23rd, 2024
How financially literate is the State of Missouri compared to the rest of the country?
A report from the personal finance website WalletHub.com puts Missouri at #24.
The study used 17 key metrics ranging from high school financial literacy grades to the share of adults with rainy-day funds.
One of the metrics, the share of unbanked households, puts Missouri near the bottom at #49.
Overall…Virginia and Nebraska were right behind Minnesota as being the most financially literate states while South Dakota, Oklahoma and Arkansas are the least financially literate.
More info:
With April being National Financial Literacy Month and WalletLiteracy Scores varying by 29% across the states, the personal-finance website WalletHub today released its report on the Most & Least Financially Literate States in 2024, 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, which range from high-school financial literacy grades to the share of adults with a rainy-day fund. The metrics also include the results of WalletHub’s WalletLiteracy Test.
Most Financially Literate States | Least Financially Literate States | |
1. Minnesota | 42. District of Columbia | |
2. Nebraska | 43. California | |
3. Virginia | 44. Louisiana | |
4. Colorado | 45. Mississippi | |
5. New Hampshire | 46. Tennessee | |
6. New Jersey | 47. Alaska | |
7. Utah | 48. Kentucky | |
8. Iowa | 49. South Dakota | |
9. Wisconsin | 50. Oklahoma | |
10. Washington | 51. Arkansas |
Key Stats
To view the full report and your state or the District’s rank, please visit:
https://wallethub.com/edu/most-and-least-financially-literate-states/3337