WalletHub Names Connecticut 11th In Smart Budgeting Rankings

If you choose to live your life out as a resident of Connecticut staying within your budget is not optional. for most it's a necessity. Perhaps that's why a recent study has ranked residents of our state among the best budgeters in the US for 2025.

According to WalletHub.com's States With the Best & Worst Budgeters 2025, Connecticut residents have been ranked as the 11th best budgeters for this year. Too arrive at their rankings WalletHub compared all 50 states across three key dimensions: Spending & Debt, Credit, and Savings. Those dimensions were further evaluated using 12 relevant metrics: Total Mortgage Debt as a Percentage of Median Income, Bankruptcy and Foreclosure rates, Housing Expense and Total-Non-Housing Expense, Percentage of Population Spending More than They Make, Percentage of People Only Paying Minimum on Credit Card Debt, Average Credit Score, Delinquency Rates, and Rainy Day Funds.

Overall Connecticut Landed Just Outside the Top 10 States for 2025

Connecticut was found to have the 4th lowest percentage of Non-Mortgage Debt in the country, but had the 5th highest foreclosure rate, In WalletHub's key dimensions Connecticut ranked 17th in Spending and Debt, 17th in Credit Rating, and 6th in savings. Connecticut's Rainy Day Fund was predicted to be nearly 4.1 billion dollars as of 2024, obviously due to the lifelong training that we've all received while waiting for a latest municipal tax bill.

Four of our neighbors in New England ranked higher on WalletHub's list, Massachusetts was ranked as #3, Vermont at #6, New Hampshire at #8, and Rhode Island at #10. Maine barely made the Top 25 at #23. The worst budgeters in the US for 2025? Oklahoma, Louisiana, and Mississippi were the bottom three.