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a{text-decoration:none}.back-to-top{bottom:1.275em;font-size:.8em;font-weight:600;line-height:2em;position:absolute;right:16px}.amp-wp-9f55261:not(#_#_#_#_#_){background-color:#0866ff}.amp-wp-0288613:not(#_#_#_#_#_){background-color:#1a1a1a}.amp-wp-1b3bec2:not(#_#_#_#_#_){background-color:#007bb5}.amp-wp-ce7eb4c:not(#_#_#_#_#_){background-color:#888990} /*# sourceURL=amp-custom.css */Alaska Ranks Low on Financially Literate States List - Radio Kenai
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Alaska Ranks Low on Financially Literate States List

KSRM News Desk

According to  consumer finance site Wallet Hub, Alaska ranks relatively low compared to other states in education and financial literacy.

 

Overall, Alaska ranked as 41 for financial literacy in the report, which complied statistics from the U.S. Census Bureau, the National Center for Education Statistics, the Center for Financial Literacy of Champlain College, the Internal Revenue Service and others.

 

Some of the areas compared state by state to organize the list included high school dropout rate, percentage of residents with a bachelor’s degree, percentage of people who spend more than they make, and percentage of people with a rainy day fund.

 

Alaska tied with New Mexico at 47th for highest high school dropout rate and also tied with Connecticut, Kansas, Rhode Island and Vermont for least sustainable spending habits according to the report.

 

The methodology of the report defined financial literacy as “familiarity with key themes and concepts, the ability to think critically, good judgment and self-restraint.”

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