Earlier today, New Bern Post had a story reporting that New Bern has among the lowest car insurance rates in the nation.
It’s a good thing, because New Bern residents as a whole aren’t very good managing their money.
A WalletHub study shows that New Bern is in the 20th percentile for money management. The lower the percentile score, the worst the money management.
New Bern isn’t alone in poor money management in Eastern North Carolina. Greenville’s percentile is 22 percent. Kinston’s percentile ranking is 15 percent. Jacksonville’s percentile is 2 percent. Yes — 2 percent.
Remember, low percentiles are bad and high percentiles are good.
Money Management in New Bern
|Rank (out of 2,572)||City||Percentile Rank*||Median Credit Score||Credit-Card Debt-to-Income Ratio||Mortgage Debt-to-Income Ratio||Car-Loan Debt-to-Income Ratio||Student-Loan Debt-to-Income Ratio||Avg. Number of Late Payments|
Here are some more numbers:
Want to learn more? Go here.