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 New Jersey (1=Most Financially Literate, 25=Avg.):
- 9th – WalletHub’s ‘WalletLiteracy Survey’ Score
- 20th – % of Adults Aged 18+ Who Spend More than They Earn
- 18th – % of Adults Aged 18+ with Rainy-Day Funds
- 18th – % of Unbanked Households
- 14th – % of Adults Aged 18+ Paying Only Minimum on Credit Card(s)
- 29th – % of Adults Aged 18+ Who Compare Credit Cards Before Applying
- 17th – High-School Financial Literacy Grade
For the full report, please visit: