RSI Corporate - Licensing

2017’s Most & Least Financially Literate States

Wallet Hub – John S. Kiernan

“The issue of widespread financial illiteracy garnered significant attention in the aftermath of the Great Recession. The housing-market collapse and ensuing financial crisis served as a stark reminder of our societal obsession with debt as well as the dangers of fingertip financial access in the hands of under-informed consumers. But how much have we learned since, and what are we doing to help future generations avoid repeating our mistakes? Not enough, it would seem. We ended 2016 with $89.2 billion in new credit-card debt, the highest increase since 2007. That’s unsurprising, considering that only two in five adults actually have a budget. There’s really no shortage of statistics that one can cite to illustrate our money-management shortcomings.”(more)

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