Chevy Chase Ranked “12th Best City at Money Management” by Personal Finance Website WalletHub

by MCS Staff
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Personal finance website WalletHub today released its report on 2022’s Best & Worst Cities at Money Management. Montgomery County’s Chevy Chase came in at #12 on the list, which includes municipalities and major areas across the United States.

Additional Montgomery County areas are included and searchable within the list.

From WalletHub: A survey showed that 43% of U.S. adults grade their knowledge of personal finance a C or lower. Only 57% of adults give their knowledge of personal finance high marks, and 47% maintain a budget and keep an eye on their spending.

In order to determine where Americans are best at handling their finances, WalletHub compared more than 2,500 cities/areas based on 10 key indicators of money-management skills. The data set ranges from the average credit score to average number of late payments to mortgage debt-to-income ratio.

Source: WalletHub

Full report available here.

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