Financial literacy is not confined to any one area of the United States. People across the country have good spending and saving habits, says WalletHub.
In honor of National Financial Literacy Month in April, WalletHub, the online financial resource and research firm, ranked the 10 best and 10 worst states for the financial knowledge and habits of the residents.
WalletHub considered such things as who has rainy day funds and who spends more than they make. It also took into consideration the results of its WalletLiteracy Survey, in which consumers rate their own financial knowledge.
The following are the 10 states, in reverse order, where people are most knowledgeable about finances and put that knowledge to good use. 2016’s "Most and Least Financially Literate States" can be found here.
No. 10 Virginia
Virginians ranked second for knowledge and education.