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.
Full report available here.
Lending Tree, a U.S. online loan marketplace company, has created and released a list ranking “How Much is Costs to Raise a Small Child in Each State.”
Researchers from the website analyzed data from several sources to estimate and rank the costs to raise a child in each state and the District of Columbia.
Maryland came in third place in the rankings, falling just behind D.C. and Hawaii, with a cost just over $5,000 more than the National average. Based on their research, it is estimated that basic costs for raising a child in the U.S. equal $20,152 annually, and they’re trending upward (not counting expenses for sports teams, summer camps, birthday parties, and more).
Per the Lending Tree report:
”Basic annual expenses to raise a child (including day care) equal $28,785 in the District of Columbia, more than any other state. Hawaii and Maryland follow at $25,828 and $25,156, respectively, while costs are lowest in Mississippi at $13,596.”
Below you’ll see the full rankings for each state:
The full rankings can be seen here.
