McLean ranks ninth nationally and Vienna 14th in a new survey of communities whose residents display the best money-management skills.
In order to determine where Americans are tops at handling their finances, WalletHub compared more than 2,500 localities based on 10 key indicators of money-management. The data set ranges from the median credit score and the average number of late payments to the mortgage debt-to-income ratio and outstanding student-debt burden.
The survey ranked residents of Cupertino, Calif., as the best with their money.Among the nation’s largest cities, San Francisco and Seattle recorded the best money-management skills, with Memphis and Corpus Christi at the bottom.
In the Washington region, Chevy Chase – coming in at No. 5 nationally – stood at the top.
(Find the full ranking and methodology at https://wallethub.com/edu/best-cities-at-money-management/19256.)
“It’s hard to overstate just how essential solid money-management skills are,” said Cassandra Happe, an analyst with WalletHub. “The more knowledge you have about personal finance and the more responsible you are with your money . . . the more financial opportunities you’ll unlock.”
