Monday, April 15, 2024
Hawai'i Free Press

Current Articles | Archives

Tuesday, March 31, 2015
Hawaii Consumers 'Least Sustainable Spending Habits' in USA
By Selected News Articles @ 3:12 PM :: 6981 Views :: Economy, Hawaii Statistics, Cost of Living

From Wallet Hub, March 31, 2015

With National Financial Literacy Month beginning tomorrow, the leading personal finance website WalletHub today released its report on 2015’s Most & Least Financially Literate States, which analyzes financial education programs and consumer habits in each of the 50 states as well as the District of Columbia.

  • Hawaii 24th overall -- 29th for 'Knowledge and education' and 21st for 'planning and daily habits.
  • Hawaii tied Nevada for last place for 'sustainable spending habits'
  • Hawaii 3rd for 'lowest non-bank borrowing rate.'

You can find a brief overview of our findings below. 

  Most Financially Literate   Least Financially Literate
  1 New Hampshire   42 Texas
  2 Utah   43 Alabama
  3 Massachusetts   44 Kansas
  4 Maryland   45 Oklahoma
  5 New Jersey   46 Kentucky
  6 North Dakota   47 New Mexico
  7 Illinois   48 Louisiana
  8 Minnesota   49 Arkansas
  9 Pennsylvania   50 Nevada
  10 Virginia   51 Mississippi

Key Stats
  • The percentage of people overspending their income is twice as high in Hawaii and Nevada than in Maryland.
     
  • Rainy day funds are twice as common in Mississippi, New Mexico and Indiana than in Arizona.
     
  • D.C. residents are twice-as-likely to compare credit card offers than people in Minnesota.
     
  • Mississippi’s unbanked household percentage is 8-times higher than Alaska’s.
     
  • The high school dropout rate in Alaska is 5-times higher than in New Hampshire.
     
  • Twice as many Utah residents provided at least four correct answers on FINRA’s financial literacy test than people in Indiana.

For the full report and to see where your state ranks, please visit: LINK
Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Moms for Liberty

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT