Banking, finance, and taxes
Why Massachusetts Is First in Financial Literacy

Published:
Last Updated:
Massachusetts is the most financially literate state, based on a study by WalletHub that evaluated all 50 states and the District of Columbia on their financial savviness.
Northeastern states occupy four of the top five spots: Massachusetts (1), New Hampshire (2), Connecticut (3) and New Jersey (5) are joined in the top echelon by Minnesota (4).
Also in the top 10 are northeastern states Rhode Island (9) and New York (10).
Mississippi ranks as the least financially savvy state on the list. Six of the bottom 10 states are in the South: Mississippi (51), Arkansas (50), Louisiana (45), Georgia (44), South Carolina (43) and Tennessee (42).
To determine the financially savviest states, WalletHub’s analysts compared the 50 states and the District of Columbia across 23 metrics that represent financial acumen. The data set ranges from median credit score to annual savings-account average to credit-card debt as a share of income.
Among key takeaways from the report were the following:
https://wallethub.com/edu/most-and-least-financially-savvy-states/20496/
Retirement planning doesn’t have to feel overwhelming. The key is finding professional guidance—and we’ve made it easier than ever for you to connect with the right financial advisor for your unique needs.
Here’s how it works:
1️ Answer a Few Simple Questions
Tell us a bit about your goals and preferences—it only takes a few minutes!
2️ Get Your Top Advisor Matches
This tool matches you with qualified advisors who specialize in helping people like you achieve financial success.
3️ Choose Your Best Fit
Review their profiles, schedule an introductory meeting, and select the advisor who feels right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.