Kentucky one of nation’s most financially illiterate states

Ranks 46^th nationally

LEXINGTON, Ky. (April 1, 2015) — Kentucky ranks 46^th nationally among the most financially literate states, according to a study by WalletHub. The state performed poorly in nearly every category. Here is how Kentucky ranked in several categories:

• 48^th — Percentage of People with a Rainy Day Fund
• 39^th — Percentage of Unbanked Households
• 47^th — Percentage of People Borrowing from Non-Bank Lenders
• 47^th — Percentage Comparing Credit Cards Before Applying
• 21^st — Champlain University High School Financial Literacy Grade
• 44^th — FINRA Financial Literacy Survey
• 48^th — Percentage of Residents with a Bachelor’s Degree or Higher
• 32^nd — Number of Library Branches per 100,000 Library Service Population