Arizonans Are Pretty Financially Illiterate, According to WalletHub

Categories: Morning Buzz
WalletHub
Mo' money, mo' problems. That's apparently the new state motto of Arizona, according to a new report released by WalletHub, which listed the most and least financially literate states in the country. The report, which was released at the end of April, looked at the education programs and consumer habits of residents across the country, and, sadly, Arizona received a less than stellar ranking.

See also: Arizona Is Full of Douchebags, According to Estately

The report was triggered by the staggeringly negative statistics regarding financial literacy across the nation. According to CardHub.com, U.S. shoppers have racked up more than $73 billion in credit card debt since early 2012. Furthermore, only two out of every five Americans actually have a budget.

To compile its report, WalletHub used 12 quantitative metrics including high school dropout rates, percentage of residents with a bachelor's degree, percentage of people who spend more than they make, percentage of people with a rainy day fund, percentage of unbanked households, percentage of people borrowing from non-bank lenders, and percentage of people who actually compare different credit cards before applying.

Coming it at number 43 was Arizona -- followed by Kentucky, Alabama, Rhode Island, New Mexico, Louisiana, Nevada, Arkansas, and finally Mississippi. While Arizona had the highest number of residents with a rainy day fund (53 percent), it still wasn't enough to counter the fact that the report quoted us as having the highest high school dropout rate (7.8 percent) as well as being one the leading states for unbanked households.

But, hey, who needs financial literacy when the zombie apocalypse is right around the corner? At least you've got that going for you, Arizona.

For a detailed look at the report, visit WalletHub.com.

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68 comments
Stephen Grange
Stephen Grange

I worked in the financial field with "Ma and Pa"..for several years...and this story is spot on...

DonkeyHotay
DonkeyHotay topcommenter

Desert Racist Wasteland of Broke-ass Bitches.



Chuck Klee
Chuck Klee

Big shocker there. I moved here right out of high school from the mid west and when I met a few guys around my age at that time I almost felt embarrassed for them...the lack of every day general common knowledge blew me away and made me glad I was raised in a state with higher educational standards. To their credit they did know more about thug life and how to be a good Chollo then I ever did, so at least they had that going for them...nothing like looking towards a future of pink underwear, Keepin it real and probation violations.

handcraftedserape
handcraftedserape

Well, looking at the comments, I'm just glad that we can all agree that illegal mexicans are a fucking blight on our state. good job on the bipartisan effort, you guys. it gives me hope.

valleynative
valleynative topcommenter

People don't save money because they've come to believe that the federal government exists to take care of them during "Rainy Days" and in their retirement years.


Being responsible isn't nearly as much fun as spending as fast as you can.


valleynative
valleynative topcommenter

A lot of people in Arizona can't open a bank account because they don't have a social security number.  Those same people don't have much of an education at all, let alone basic economics.  Any random sampling of people in Arizona is going to catch enough of them to skew the results.

valleynative
valleynative topcommenter

@DonkeyHotay  

If you actually read that site, you'll find that the IQ numbers were made up, and that a retraction was printed.

DonkeyHotay
DonkeyHotay topcommenter

@valleynative  ... which explain why after 8 years of the Criminal Bu$h Regime the country went from Treasury Surplus to the massive deficit and the biggest economic collapse since the great depression.



DonkeyHotay
DonkeyHotay topcommenter

@valleynative  "A lot of people in Arizona can't open a bank account because they don't have a social security number"


Something a lying shitbag like you would spew, hoping that your teatard-repug compratriots are also dumb enough to believe that.


One doesn't need a Social Security # to open a bank account in the U$A.



WhoKnows
WhoKnows topcommenter

@valleynative  Again, posting your opinion as a fact.  The reality is, many people don't have enough money to put in the bank to avoid paying fees on the account, and with non-existent interest rates these days, they don't see any reason to "bank" the money in the first place.

valleynative
valleynative topcommenter

@DonkeyHotay @valleynative 

When was the last time you opened a bank account?   They need your SSN because they report interest, among other things, to the IRS>


DonkeyHotay
DonkeyHotay topcommenter

@valleynative


Translation = you have NO statistics.


So you cower behind your abject bigotry and hatred.

valleynative
valleynative topcommenter

@WhoKnows @valleynative@DonkeyHotay 

You don't understand statistics, so you think this is just an 'opinion'.   It's like trying to discuss thermodynamics with a Creationist.  What I know to be scientific fact, they call 'opinion'.

WhoKnows
WhoKnows topcommenter

@valleynative @DonkeyHotay  It is foolish to expect VN to post any proof of what he claims is a "fact", as it's clear, it's simply his opinion (he doesn't understand the difference between his opinion and a REAL fact!)

DonkeyHotay
DonkeyHotay topcommenter

@valleynative ... so you admit you've got NOTHING to support your vile bigotry and hate.


Noted once again.


.


valleynative
valleynative topcommenter

@DonkeyHotay  

Get back to me when you understand how foolish it is to ask for that data.  I won't hold my breath.

DonkeyHotay
DonkeyHotay topcommenter

@valleynative ... so you've still got NOTHING to show how far this "immigrant skew" pushes -- or pulls -- Arizona's rank.


Noted.


Get back to us when you can actually provide that information.


Your personal hatred, bigotry, racism and bias is already noted -- get some actual empirical data.

DonkeyHotay
DonkeyHotay topcommenter

@WhoKnows @valleynative @DonkeyHotay  


There is OBVIOUSLY a lowlife racist bigoted pig-ignorant hateful Repuglykkkan - Teabagger skew.


It's HUGE and explains EVERYTHING ... and there is -- as you've noted -- exactly as much statistical support for it as VN claims for himself.

WhoKnows
WhoKnows topcommenter

@valleynative @DonkeyHotay  I think the poor numbers are caused by the large number of extreme right wing nutjobs in AZ.  


And I have just as much proof of that as you do about undocumented people, VN!

DonkeyHotay
DonkeyHotay topcommenter

@valleynative "Of course I can't prove "EXACTLY how far" the skew pushes us. "


Get back to us when you have some ACTUAL STATISTICS to support your blind hatred and bigotry, scumbag.


valleynative
valleynative topcommenter

@DonkeyHotay @valleynative 

Of course I can't prove "EXACTLY how far" the skew pushes us.  Do you think that's a defeat of some sort?   You continue to amaze me with your capacity for making yourself look foolish.


DonkeyHotay
DonkeyHotay topcommenter

@valleynative ... so you admit you have NO EVIDENCE outside of your own delusional hatred and bigotry to show EXACTLY how far your claimed "immigrant skew" pushes Arizona's rank?


Noted.

DonkeyHotay
DonkeyHotay topcommenter

@valleynative ... so you actually have NO EVIDENCE -- other than your bigoted ignorant hate -- that this "skew" is statistically relevant much less gigantic enough to actually change Arizona's ranking.



valleynative
valleynative topcommenter

@DonkeyHotay  

Do you not understand the difference between having statistics skewed and having something be the "only" cause?

No, of course you don't.

 

DonkeyHotay
DonkeyHotay topcommenter

@valleynative ... so you're claiming that the only reason Red States are red is because of Ignorant Immigrants?


So there is a correlation between STUPIDITY and Repuglykkkanism?


Noted.

valleynative
valleynative topcommenter

@DonkeyHotay @valleynative 

Again, if you actually read and understand that study, you'll find that it's another case of results being skewed by the relatively high number of illegals, who generally have a poor quality of life.

You would think that would be obvious.

 

DonkeyHotay
DonkeyHotay topcommenter

@valleynative ... so you admit that you were a shitbag liar when you falsely claimed a SSN was needed to open a bank account.


Noted.

valleynative
valleynative topcommenter

@DonkeyHotay  

But if you were here illegally, would the fact that you were allowed to open a bank account really make you feel safe doing so?  Think.

DonkeyHotay
DonkeyHotay topcommenter

@valleynative  <== still a lying piece of shit.


They don't have to provide a SSN, they can provide a iTIN. 


Banks and Credit Unions gladly and legally accept iTINs, as they are in the business of banking and make $$ from deposits and fees.


A foreign tourist can open a U$ bank account with a iTIN, no SSN required.


Residency -- legal or not -- is not required to obtain a TIN, nor to open a bank account.





valleynative
valleynative topcommenter

@DonkeyHotay @valleynative 

The statement stands, even if reworded more correctly as "they avoid opening bank accounts because they will be asked for their SSN's, and will have to admit that they don't have one."

How's that?


DonkeyHotay
DonkeyHotay topcommenter

@valleynative ... so you admit you were a lying ignorant piece of shit when you falsely claimed that immigrants couldn't open a bank account because a SSN was required.


Noted.

WhoKnows
WhoKnows topcommenter

@valleynative @DonkeyHotay  VN, think, if you live paycheck to paycheck, will you open a bank account just so you can pay fees on it?  AZ has MANY low paid employees..  It's a red state after all.  They like to keep the poor as poor as possible here!


Again, look at the map, and you'll see many of the red states rank low in this study!

valleynative
valleynative topcommenter

@DonkeyHotay @valleynative 

Think.

Put yourself in the position of an illegal.

Are you going to go into a bank to open an account, hoping that they'll believe you're the ambassador from Nicaragua?


DonkeyHotay
DonkeyHotay topcommenter

@valleynative <== still a lying racist bigoted scumbag


TINs are used by ANY foreign entity or person -- "illegal" or not -- who requests them.


The IRS issues MILLIONS of them.


You've been once again shown to be the lying ignorant asswipe that you are.

valleynative
valleynative topcommenter

@DonkeyHotay @valleynative 

Requesting a TIN instead of using a SSN is saying "I'm illegal, and I'd like to open an account".

Do you really think that happens, much?

Most illegals are afraid of any official paperwork.

theywiretaxtomexico
theywiretaxtomexico

@DonkeyHotay @valleynativeeverybody knows that illegal mexicans are requesting tin's in order to pay taxes. that's the whole reason that they broke into my country in the first place... to pay their taxes. LOL at libtard fools.

DonkeyHotay
DonkeyHotay topcommenter

@valleynative <== ignorant lying imbecile


NON-U$ citizens can open a US bank account with a TIN -- taxpayer ID number, which is available to ANYONE who requests it ... so they CAN pay any taxes due, such as those accrued on U$ interest accounts, stocks, bonds, real estate, or any other earning investment.


Keep lying and spewing bullshit, you lowlife bigoted racist shiteater.


WhoKnows
WhoKnows topcommenter

@valleynative @DonkeyHotay  But VN, you're equating the "skew" to something you can't document causes the skew!


I think the skew is due to the large number of ultra right wing idiots in AZ myself.  And I'll acknowledge that is an OPINION and not a fact.  Will you also admit it's only your OPINION?

DonkeyHotay
DonkeyHotay topcommenter

@valleynative ... you've provide no evidence of any statistically meaningful skew, other than your blind claim that it exists.


All you've proven -- once again -- is prove the depths and depravity of your wretched racism and repugnant bigotry.



valleynative
valleynative topcommenter

@DonkeyHotay @valleynative 

That's not a rational argument.

There's no need to show exactly how much skew there is, as long as there is clear skew.

I'm still waiting to hear something rational.

DonkeyHotay
DonkeyHotay topcommenter

@valleynative ... so provide that ACTUAL STATISTICS that show exactly how far the "immigrant skew" pushes or pulls Arizona's rank.


Be specific, and show your work, you vile bigoted shiteater.

valleynative
valleynative topcommenter

@DonkeyHotay @valleynative 

You can call names, and imply that you know more about statistical analysis than I do, but I don't see any actual rational arguement.

What have you got?


DonkeyHotay
DonkeyHotay topcommenter

@valleynative ... get back to us when you learn the difference between Cause, Correlation and Coincidence you lowlife bigoted racist piece of shit.


valleynative
valleynative topcommenter

@WhoKnows @valleynative 

I provided a link showing the percentage of illegals in Arizona compared to other states.

That is proof that the numbers are skewed.

If you don't understand math well enough to recognize that fact, that's not my problem.

By the way, In what way did I "change the subject"?

WhoKnows
WhoKnows topcommenter

@valleynative @WhoKnows  So, you STILL can't provide actual proof that AZ's numbers are poor simply because of illegals, and you want to change the subject!  Ignore the fact that there are LOTS of low paying jobs in this state..  You invent your own "facts" after all!

valleynative
valleynative topcommenter

@WhoKnows  

I'm not surprised that you turn to personal attack when shown to have made a foolish mistake, but I have to admit that I am surprised to find that you have no idea how such studies are done.

You don't "sign up" to be part of the study.  They choose you at random.  In this particular case, though, they didn't collect data directly from subjects, but used statistics about the general population (including illegals) that had been collected by others.

WhoKnows
WhoKnows topcommenter

@valleynative @idunnolol  Well VN and Jaffy with his new login seem to be BFF's!  Who would have guessed.....


How exactly were illegals included in this study?  Did they sign up for it online?

valleynative
valleynative topcommenter

@idunnolol @valleynative 

Liberals are constantly telling each other that they're more intelligent than conservatives, and a lot of them are dumb enough to believe that this means that if they blindly support what seems to be the liberal view of any issue, that they're being "smart".


idunnolol
idunnolol

@valleynative seems like whoknows could rub two brain cells together and realize that we're a border state and come to a logical conclusion that we have loads of illegal mexicans. oh well, who knows, right?

WhoKnows
WhoKnows topcommenter

@valleynative @WhoKnows  So post a link to your "facts", VN!  We know you can't......  You act like there are not undocumented people in any of the other 49 states!

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