Louisiana Ranks Near Bottom In Another Survey

LAFAYETTE, La. (KPEL News) - Louisiana is accustomed to hanging out on the bottom of many national surveys or studies, typically when it comes to human services, education, and healthcare. Once again, we are one spot from the bottom of another survey!

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With the cost of living having increased significantly over the past few years, proper budgeting is more essential now than ever. In light of this, earlier this week WalletHub released its report on the States With the Best and Worst Budgeters in 2024, to show where Americans are being the most responsible with their finances and where they need to improve.

WalletHub compared the 50 states across 12 key metrics, ranging from the average credit score to debt-to-income ratios to foreclosure rates.

Budgeters in Louisiana (1=Best; 25=Avg.)

• Overall Rank: 49^th
• 49^th – Average Credit Score
• 40^th – Non-Mortgage Debt as a Percentage of Income
• 29^th – Foreclosure Rate
• 34^th – Credit Utilization Percentage
• 30^th – Housing Expenses as a Percentage of Median Home Price
• 46^th – Percentage of Total Non-Housing Expenses to Median Income

For the full report, please visit:
https://wallethub.com/edu/states-with-the-best-worst-budgeters/138069