GA falls under low financial literacy ranking - WALB.com, South Georgia News, Weather, Sports

GA falls under low financial literacy ranking

GA falls under financial literacy ranking (Source: WALB) GA falls under financial literacy ranking (Source: WALB)
GA falls under financial literacy ranking (Source: WALB) GA falls under financial literacy ranking (Source: WALB)
Prof. Aaron Johnson (Source: WALB) Prof. Aaron Johnson (Source: WALB)
ALBANY, GA (WALB) -

A money management website ranked Georgia as one of the least financially literate states.

Wallethub.com gave Georgia an overall ranking of 36 on the list.

Darton Assistant Professor of Economics, Aaron Johnson, was interviewed in the article.

Johnson says Georgia is weakest with credit scores and not having enough in emergency savings.

Johnson believes policy makers should incorporate financial literacy in the K through 12 curriculum and he also recommends aligning your lifestyle to your income.

"Many households are getting their tax refund checks and so this is a time to where they can pay off their debt and also increase their emergency savings. It's recommended that you have three months at a minimum of income in savings," said Johnson.

Johnson says it's important to know the difference between "needs" and "wants."

Copyright 2016 WALB.  All rights reserved.

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