With April being National Financial Literacy Month and less than half of adults setting a budget, thepersonal finance website, WalletHub, today released its report on 2022’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.
Maryland was ranked 13th on the list, with a top 10 ranking in “Wallet Literacy.”
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.
| Most Financially Literate States | Least Financially Literate States |
| 1. Nebraska | 42. District of Columbia |
| 2. Utah | 43. New Mexico |
| 3. Virginia | 44. Connecticut |
| 4. Colorado | 45. West Virginia |
| 5. New Hampshire | 46. Mississippi |
| 6. North Carolina | 47. Alaska |
| 7. Maine | 48. Oklahoma |
| 8. Iowa | 49. South Dakota |
| 9. Minnesota | 50. Louisiana |
| 10. New Jersey | 51. Arkansas |
Key Stats
- Wisconsin has the lowest share of residents who spend more than they earn, 14.03 percent, which is 1.9 times lower than in Alaska, the state with the highest at 26.71 percent.
- New York has the lowest share of residents paying only the minimum on their credit card(s), 27.57 percent, which is 1.7 times lower than in Mississippi, the state with the highest at 46.32 percent.
- Colorado has the highest share of residents who attended financial-education classes or counseling sessions in past 12 months, 7.50 percent, which is 3.8 times higher than in West Virginia, the state with the lowest at 2.00 percent.
- New Hampshire has the lowest share of unbanked households, 0.50 percent, which is 25.6 times lower than in Mississippi, the state with the highest at 12.80 percent.
To view the full report, you can visit:
https://wallethub.com/edu/most-and-least-financially-literate-states/3337
Recent Stories
Michael Jurgens was drafted in the 7th round of the 2024 NFL Draft by the Minnesota Vikings. The offensive lineman was a three-year starter at Wake Forest and part of…
Per Rockville Police: The Rockville City Police Department is seeking the public’s assistance in locating Anthoney Bradley. Bradley’s family is concerned for his welfare. If located or you know his…
Montgomery County Fire and Rescue Services (MCFRS) responded to a collision on Sunday, April 27 in Laytonsville.
The Rockville City Police Department has announced it will hold another steering wheel lock giveaway on Saturday, May 4th for Rockville residents. Note: Steering wheel locks will only available to…
FEST OF SPRING Caribbean Wine Food & Music Festival
Get ready to experience the vibrant colors, tantalizing flavors, and infectious rhythms of the Caribbean at the FEST OF SPRING Caribbean Wine Food & Music Festival! Hosted by RHU LLC, this exciting festival is set to take place on May 18, 2024, at the picturesque 16700 Barnesville Rd in Boyds, MD.
Step into a world where the Caribbean spirit comes alive! From 12:00 PM onwards, immerse yourself in a sensory journey that celebrates the unique culture, cuisine, and music of the Caribbean. Whether you're an African American, a Reggae or Soca music enthusiast, a wine lover, or part of the vibrant Caribbean diaspora, this festival promises to delight and captivate you in every way.
Let the enticing aromas of mouthwatering Caribbean dishes tantalize your taste buds. Feast on traditional delicacies prepared by expert chefs, showcasing the rich and diverse culinary heritage of the Caribbean. Indulge in flavorful jerk chicken, succulent seafood, and delectable plantain dishes that will transport you straight to the islands.
Accompanying the culinary extravaganza is a carefully curated selection of premium wines, ensuring the perfect pairing for your palate. Sip on fine wines from renowned vineyards, each sip a reflection of the Caribbean's vibrant spirit. Discover new flavors, expand your wine knowledge, and savor unforgettable moments with every glass.
As the sun sets, get ready to groove to the infectious rhythms of Caribbean music. Feel the pulsating beats of reggae, soca, dancehall, and calypso, moving your body to the lively melodies. Live performances by talented musicians and performers will keep the energy high, ensuring a night of unforgettable entertainment.
Don't miss this opportunity to embrace the Caribbean spirit and celebrate the arrival of spring in style! Tickets are available on AllEvents, so secure your spot today. Join us at the FEST OF SPRING Caribbean Wine Food & Music Festival, where cultures collide and unforgettable memories are made.
LIVE PERFORMANCES By: CULTURE Feat. Kenyatta Hill, EXCO LEVI, IMAGE BAND, RAS LIDJ REGG'GO with Special Guest SUGAR BEAR FROM E.U. & MORE! & MORE!
MUSIC By: DJ ABLAZE, DJ SMALLY & NAJ SUPREME
2 NIGHT Camping packages available: RV/CAMPER $200 | TENTS $150 Starting on Friday May 17 @ 5pm | 30 RV SPACES | 30+ TENT SPACES
KIDS 12 & UNDER FREE!!!
