WalletHub Study: South Carolina Has the 7th Worst Budgeters in the U.S.

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, WalletHub today 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 South Carolina (1=Best; 25=Avg.)

• Overall Rank: 44^th
• 40^th – Average Credit Score
• 47^th – Non-Mortgage Debt as a Percentage of Income
• 47^th – Foreclosure Rate
• 46^th – Credit Utilization Percentage
• 41^st – Housing Expenses as a Percentage of Median Home Price
• 32^nd – 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