The median annual household income data came from the U.S. Census Bureau, while the average FICO credit score information was taken from an Experian report that was published this year. Each state was ranked in each category, then the credit score ranking was subtracted from the income ranking.
CreditCards.com predicted that the states with higher incomes would have also have higher credit scores, but the report's findings told a different story.
Georgia ranked No. 6 for the worst state for managing money. The Peach State's median household income ranked 29th and its average credit score was 45th. According to the report, high delinquencies and a young population dragged Georgia down.
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