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  • 3 days ago
Many Americans are not receiving the fundamentals of financial education. A new report from researchers at Smartest Dollar has found that while age and education are highly correlated with financial literacy, geography also appears to play a major role. Veuer’s Maria Mercedes Galuppo has the story.

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00:00Many Americans are not receiving the fundamentals of financial education.
00:04A new report from researchers at Smarter's Dollar has found that while age and education are highly correlated with financial literacy,
00:12geography also appears to play a major role.
00:16To determine the most financially savvy states,
00:18researchers took into consideration the share of adults who scored higher than the national median score for FINRA's financial literacy quiz,
00:26as well as their basic interest rate knowledge and basic inflation and investment risk knowledge.
00:32These are the top five financially savvy states in America.
00:36Wyoming ranks as number one, followed by Minnesota, Alaska, Washington, and South Dakota.

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