- Connecticut ranks No. 43 in terms of money management, and has the third highest average credit card balance ($4,907) in the nation.
How much you’ll need to rely on Social Security depends largely on your history with money management. CreditCards.com used credit scores and the average credit card balance in comparison to household income to determine each state’s track record with money management. It seems retirees won’t be doing themselves any favors when it comes to preparing for retirement in Connecticut. With a track record of irresponsible spending and credit debt, they’re likely to need Social Security more than most.
Next: A state crawling with retirees