NECMF

Feb 1, 2016 10:35 AM

New report shows NH residents are 10th-worst in U.S. at managing their money

NH1.com

Granite Staters are the 10th-worst at managing money in the U.S., according to a new creditcards.com report.

The study compared each state’s average credit score with its median income.

New Hampshire’s average credit score is 13 points lower than expected based upon the state’s median income.

It has the nation’s 5th-highest average credit score, however, but officials said it should have been higher, as New Hampshire has the highest median income (35% above the national median).

According to the report, the best money managers are found in the upper Midwest. The worst are found in the Mid-Atlantic.

Montana is the best state when it comes to citizens' managing their money.

Maryland is the worst state.

When it comes to New England, it's not all bad news.

Mainers are the 4th best in the U.S. at managing money. Folks in Vermont follow close behind in 5th place.

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