2023’s Best & Worst Cities at Money Management

from Wallet Hub, Mar 1, 2023

Money management is a life skill that unfortunately isn’t taught as often as it should be. It’s a skill that everyone should want to learn too, as it can bring about flawless credit and freedom from debt. But a survey of consumer financial literacy reflects a growing need for financial instruction in U.S. households. Only 56% of adults, for instance, give their knowledge of personal finance high marks, and 44% maintain a budget and keep an eye on their spending. Good money management skills are more important now than ever during this time of high inflation.

It’s clear that some Americans are better than others at handling their finances. In order to determine where they live, WalletHub compared more than 2,500 cities based on 10 key indicators of money management. Their data set ranges from the average credit score to average number of late payments to mortgage debt-to-income ratio....

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