John S. Kiernan, WalletHub: “The issue of widespread financial illiteracy – not just in this country, but around the world – has rightfully garnered significant attention in the aftermath of the Great Recession. The housing market collapse and ensuing global 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 consumers who are marked by a hope-for-the-best, figure-it-out-later attitude and an obvious lack of financial aptitude. But how much did we really learn, and what are we doing to help future generations avoid repeating our mistakes? Not enough, it would seem. We’ve collectively racked up roughly $133 billion in new credit card debt since the beginning of 2012, unsurprising given that only two in five adults actually have a budget. Ultimately, there’s really no shortage of statistics that one can quote to illustrate our money management shortcomings – from the 20% of Americans who spend more than they make to the 60% of folks who don’t have a rainy day fund. But where are the problems most pronounced, and which areas of the country are taking the necessary measures to foster a financially prosperous future? That’s what WalletHub sought to discover by analyzing financial education programs and consumer habits in each of the 50 states as well as the District of Columbia, using 11 key metrics ranging from Champlain University’s High School Financial Literacy Grades to the percentage of residents with a rainy day fund. More information about our methodology as well a complete breakdown of our findings and expert commentary can be found here.”