The personal finance website WalletHub has come out with the results of another survey on consumer attitudes and behavior, ranking New York state 12th in the financial literacy of its residents.
The states were ranked on financial planning and habits, financial knowledge and a financial literacy survey. The maximum possible score was 100 points.
The good news is New York ranked sixth in high school financial literacy and seventh in the percentage of adults who had rainy-day funds. The state ranked 20th in the percentage of adults who compare credit card scores before applying; 23 percent for the percentage of those who spend more than they earn; and 26th in percentage of people who are paying only the minimum on their credit card bills, according to a news release.
The top state was New Hampshire with an overall score of just over 70. This was followed by Virginia in second, Minnesota in third and Maryland and Utah tied for fourth. The lowest-scoring state was Louisiana followed by Alaska, Mississippi, Oklahoma and Washington, D.C.
To read the full report, visit http://wallethub.com/edu/most-and-least-financially-literate-states/3337/.