Chart: How states rank for money management
By Fred O. Williams | Published: January 13, 2016
Here is the complete list of best and worst money managing states, based on residents' average credit scores relative to the median household income. (See full story, "Best, worst states for money management.")
The map displays states colored according to their money management ability, with best-performing Montana in deep green to lowest-ranked Maryland in red ink.
Hover over states to see the money management rank and related information on the average credit score, median household income and average balances on credit cards. The chart of states below the map can be sorted to see how they rank by credit score, median income or credit card debt.
"Money management scores" were the basis of the rankings in this analysis. The scores show the difference between a state's average credit score and the credit score predicted by its median household income.
Sources: Experian State of Credit 2015, U.S. Census
- Chart: 2017 Retail Store Card Survey data – If you're looking for a retail card, look no further than our 2017 compilation of data ...
- 2017 Retail Store Card Survey: Customers lured to high interest cards with more rewards – Retailers are increasing rewards offerings on high-interest co-branded and store-only credit cards, according to a new report from CreditCards.com ...
- Fed: Card balances rose by $5.7 billion in August – Credit card balances edged closer to the $1 trillion mark in August, according to the Fed ...