What's the most financially savvy state? It's not New Jersey, which comes in at Number Five, according to a new survey from WalletHub. It's Massachusetts, followed by New Hampshire and Connecticut.
But New Jersey’s overall score was good enough to get it into fifth place. It ranked second for the lowest total debt as a percentage of median income and for the lowest percentage of credit usage, as well as in the top five in the categories of debt and spending, and saving.
When it came to financial literacy and credit, our state didn’t do anywhere near as well, though, with ranks of 16 and 27, respectively. And it was tied for 50th place for the highest foreclosure rate in the country.
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