The lease for the Tin Fish Restaurant at the end Imperial Beach Pier is nearing its end and the Port is looking for proposals to redevelop the space. Photo by Alexander Nguyen
The lease for the Tin Fish Restaurant at the end Imperial Beach Pier is nearing its end and the Port is looking for proposals to redevelop the space. Photo by Alexander Nguyen

With National Financial Literacy Month coming up in April, personal finance website WalletHub Tuesday released its report on 2016’s Most & Least Financially Literate States.

The report, which ranked California as the 25th most financially literate state, analyzes financial education programs and consumer habits in each of the 50 states and the District of Columbia.

The data set of 12 key metrics — including the results of WalletHub’s proprietary WalletLiteracy Survey — ranges from Champlain University’s High School Financial Literacy Grades to the percentage of residents with a rainy-day fund.

Here’s how California ranked in the following categories with 1 being “most” and 25 being “average.”
7th – WalletHub’s ‘WalletLiteracy Survey’ Score
3rd – % of Residents Who Spend More than They Earn
5th – % of Residents with a Rainy-Day Fund
33rd – % of Unbanked Households
21st – % of Residents Borrowing from Non-Bank Lenders
14th – % of Residents Making Only Minimum Payment on Credit Card(s)
23rd – % of Residents Who Compare Credit Cards Before Applying
40th – Champlain University High School Financial Literacy Grade
33rd – Public High School Graduation Rate
16th – FINRA Financial Literacy Survey
15th – % of Residents with at Least a Bachelor’s Degree

For the full report, go to wallethub.com.