How financially savvy is your state?
The newly released U.S. Financial Capability Study from the Financial Industry Regulatory Authority Investor Education Foundation surveyed 27,564 American adults from each of the 50 states and the District of Columbia, quizzing them on their financial knowledge and habits. Had they ever used a payday loan? Do they have an emergency fund? Can they understand how a shorter mortgage term affects total interest paid?
Some states cleaned up on FINRA's resulting best-of lists, while others were frequent offenders on the worst-of counterparts. These 13 were among those most mentioned — good and bad. (FINRA is the brokerage industry's self-regulatory organization.)
— By CNBC's Kelli B. Grant
Posted 12 July 2016