2021’s Most & Least Financially Literate States – WalletHub Study

4/7/21

With April being National Financial Literacy Month and financial responsibility especially important during the COVID-19 pandemic, the free credit score website WalletHub today released its report on 2021’s Most & Least Financially Literate States, as well as accompanying videos, 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 Texas (1=Most Financially Literate, 25=Avg.):

  • 43rd – WalletHub’s ‘WalletLiteracy Survey’ Score
  • 45th – % of Adults Aged 18+ Who Spend More than They Earn
  • 43rd – % of Adults Aged 18+ with Rainy-Day Funds
  • 44th – % of Unbanked Households
  • 42nd – % of Adults Aged 18+ Paying Only Minimum on Credit Card(s)
  • 41st – % of Adults Aged 18+ Who Compare Credit Cards Before Applying
  • 4th – High-School Financial Literacy Grade

READ FULL ARTICLE HERE

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