Study: South Dakota Is Best At Managing Money

South Dakota might need some work on anti-drug slogans, but at least we are best in the nation at managing money, according to a new creditcards.com report.

Their bean counters used some kind of common-core math formula to compare median annual household income versus the average credit score in all 50 states and the District of Colombia.  They were expecting that the states with higher average incomes would have higher credit scores, but the math didn't always work out that way.

For example, South Dakota's median household income of $56,274 ranks 33rd in the nation.  However, we have an average credit score of 727, tied for second-highest.  That suggests we don't make as much money as other workers in other states, but we manage our money well.

Who came in last?  Washington, D.C.  It would be easy to type a snarky joke about how D.C. residents are as bad as the federal government when it comes to managing money, but I'll leave that to you.

Source: creditcards.com