Ohio is below average in all three classifications considered in this study, and from the three, its worst rating is in the financial education category. The state has actually no mandated standards for the topic of individual financing and does not require schools to provide the topic.
The conserving and investing behaviors of Ohio citizens also rank worse than many states due to a higher-than-average bankruptcy rate and higher-than-average rate of financial obligation delinquency. Ohio homeowners also underuse essential bank services like savings accounts and have a higher part of underbanked and unbanked households than most states (27.2 percent). All of these elements put Ohio amongst the 10 states that are the worst at handling cash.