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 Texas (1=Most Financially Literate, 25=Avg.):
- 43rd – WalletHub’s ‘WalletLiteracy Survey’ Score
- 45th – % of Adults Aged 18+ Who Spend More than They Earn
- 43rd – % of Adults Aged 18+ with Rainy-Day Funds
- 44th – % of Unbanked Households
- 42nd – % of Adults Aged 18+ Paying Only Minimum on Credit Card(s)
- 41st – % of Adults Aged 18+ Who Compare Credit Cards Before Applying
- 4th – High-School Financial Literacy Grade
