Average income inside Florida is 9 percent below the nationwide median at the same time, according to the study, which used credit score information from Experian and income data form the US Census Bureau.
For US occupants with good money management skills, look northern: Montana occupants were the most effective at managing money. Baltimore residents had been the worst.
The research found that will higher median income did not necessarily mean far better money know-how.
“Conventional wisdom is that people with more income have much better credit scores, yet we identified this is not usually the case, ” said He Schulz, CreditCards. com’s senior industry analyzer. The main drinks delivery is that great financial routines, like paying your charges on time plus keeping your debt low, are usually what develop a solid credit score, not the amount of money you earn. ”
Nina Lincoff covers bank, finance, in addition to insurance. Get the latest bank news with our free daily publication. Click here to subscribe.