CLARKSVILLE, Tenn. (CLARKSVILLENOW) – With 43 percent of U.S. adults grading their knowledge of personal finance a C or lower, WalletHub released its report on 2018’s Best & Worst Cities at Money Management.
Clarksville was ranked among the top one percent of cities with the worst money management skills, according to the report.
In order to determine where Americans are best at handling their finances, WalletHub compared more than 2,500 cities based on 10 key indicators of money-management skills. The data set ranges from median credit score to average number of late payments to mortgage debt-to-income ratio.
Money Management in Clarksville (99th Percentile =Best)
• Median Credit Score (654)
• Credit-Card Debt-to-Income Ratio (7.83%) (4th Percentile)
• Mortgage Debt-to-Income Ratio (374.12%) (36th Percentile)
• Car-Loan Debt-to-Income Ratio (52.79%) (7th Percentile)
• Student-Loan Debt-to-Income Ratio (60.77%) (5th Percentile)
• Avg. Number of Late Payments (6.19)
• Avg. % of Credit Used (50.5%)
• Foreclosure Rate (0.096%)
For the full report, please visit:
https://wallethub.com/edu/best-cities-at-money-management/19256/