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.):

• 9^th – WalletHub’s ‘WalletLiteracy Survey’ Score
• 20^th – % of Adults Aged 18+ Who Spend More than They Earn
• 18^th – % of Adults Aged 18+ with Rainy-Day Funds
• 18^th – % of Unbanked Households
• 14^th – % of Adults Aged 18+ Paying Only Minimum on Credit Card(s)
• 29^th – % of Adults Aged 18+ Who Compare Credit Cards Before Applying
• 17^th – High-School Financial Literacy Grade

For the full report, please visit:
https://wallethub.com/edu/most-and-least-financially-literate-states/3337