The 10 least financially literate states

How to Become More Financially Literate

The least financially literate state in the nation isn't actually a state.

Instead, it's the District of Columbia — the nation's capital — according to WalletHub.

The website has given each state and Washington, D.C., a numerical score and corresponding grade for its financial literacy.

The scores are based on 12 metrics, such as the percentage of residents with a rainy-day fund and the percentage of residents who spend more than they earn.

The District of Columbia earned an overall score of 51.3 out of 100, which equated to a C+.

The most financially literate state, New Hampshire, earned an overall score of 69.93, which equated to a B.

The most financially literate states are:

  1. New Hampshire
  2. Minnesota
  3. Illinois
  4. New Jersey
  5. Maryland
  6. Maine
  7. Florida
  8. Utah
  9. New York
  10. Virginia

The least financially literate states are:

  1. District of Columbia
  2. Alaska
  3. Nevada
  4. Arkansas
  5. Mississippi
  6. New Mexico
  7. Missouri
  8. Kentucky
  9. Louisiana
  10. Rhode Island

Ready to put your own financial literacy to the test? Check out this Money Talks News series:

What grade would you give your own financial literacy? Let us know why by leaving a comment below or on our Facebook page.

More from MoneyTalksNews:
Answers to 10 Key Questions About Credit Cards
7 Ways to Bounce Back From Financial Disaster
This Company Is Giving Away Free Tax Software

RELATED: 10 common financial leaks in your life

10 common financial leaks
See Gallery
The 10 least financially literate states

Grocery shopping without a list

Photo credit: Getty

ATM fees and late payment fees

Photo credit: Getty

Paying for a monthly gym membership and rarely using it

Photo credit: Getty

Savings that barely earn interest 

Photo credit: Getty

Leaving lights turned on when you leave the house

Photo credit: Getty

Overpaying for a cell phone and data plan that doesn't suit your needs

Photo credit: Getty

Paying for most things on credit

Photo credit: Getty

Using different providers for cable, Internet and phone service

Photo credit: Getty

Free trials that have surpassed their period of being free

Photo credit: Getty


Read Full Story