Minnesota is the most financially literate state, scoring 73/100 according to WalletHub’s latest analysisArkansas scores the worst, with 53/100.The analysis takes into account financial education, consumer habits, and Wallethub’s own financial literacy survey resultsHere’s some of the reasons Minnesota ranked first in WalletHub’s analysis:Highest median credit score in the country (751)High-schoolers must take at least one personal finance programOnly 15% of the surveyed Minnesotans spent more than they made—the lowest across all states.Second-highest share of surveyed adults (37%) who are confident that they will meet their financial goals...Via
I would like to know the criteria for determining financial literacy. While someone having a good credit score or spending less than they make is good. That makes them prudent, not necessarily financially literate.
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