- Minnesota is the most financially literate state, scoring 73/100 according to WalletHub’s latest analysis
- Arkansas scores the worst, with 53/100.
- The analysis takes into account financial education, consumer habits, and Wallethub’s own financial literacy survey results
Here’s some of the reasons Minnesota ranked first in WalletHub’s analysis:
- Highest median credit score in the country (751)
- High-schoolers must take at least one personal finance program
- Only 15% of the surveyed Minnesotans spent more than they made—the lowest across all states.
- Second-highest share of surveyed adults (37%) who are confident that they will meet their financial goals