Alabama: Top State in The South-East for Financial Literacy
Yes.......another source ranks the state 3rd for bankruptcies.
Virginia is #1, and Louisiana is dead last in this ranking by the Wallet Hub group.
How did they reach their ranking?
“In order to find the states with the best financial literacy, WalletHub analyzed financial-education programs and consumer habits — combined with the results of WalletHub’s proprietary WalletLiteracy Survey — in each of the 50 states and the District of Columbia. Our data set of 17 key metrics ranges from high-school financial literacy grade to share of adults with rainy-day funds. Read on for the results, insight from a panel of experts and a complete description of our methodology.”
And yet……the World Atlas ranks Alabama as having the third highest bankruptcy rate: