ALABAMA (WHNT) — Forbes recently surveyed over 5,000 Americans to measure just how much restraint and discipline each state has, and you might be as surprised as we were to see which ones ranked in the top five. The study put Alabama at #1 for being the most responsible with their budgets, with a score of 83.28 out of a perfect 100. Arkansas followed with a close second, and a near three-way tie between New Jersey, Washington and Colorado rounding out fifth place. Scores were established for each U.S. state a financial discipline score that accounts for, among other things, habits related to budgeting, saving, spending, credit cards, retirement accounts and financial goals. Millennials (66%) are also most likely to pay off their credit card balance each month, while Gen Zers (11%) are most likely to only make the minimum payments or none at all.

Source: Forbes May 31, 2023 17:56 UTC