These 10 Surprising States Struggle The Most Financially, Is Yours On The List?

Financial experts at Uplift Legal Funding analyzed six factors relating to the personal finances of each state and scored each one out of 10 to create an Index score for all 50 states.

Research Methodology

The factors analyzed within the index included: consumption of annual income as a percentage alongside the percentage of income saved; household debt-to-income ratios; annual personal bankruptcy rates, and the number of saving and debt-related Google searches per state.

1

Highest Debt-to-Income

The states with the highest debt-to-income ratios were Hawaii and Idaho at 2.06, followed by Maryland at 1.84.

2

South Carolina

It was the state with the least amount of Google searches for saving money, at 213.5 searches per 100,000 residents.

3

Arizona

Arizona came in ninth, with a score of 37.8 out of 100. At 90.6%, it ranked eleventh highest for annual average consumption of income, leaving residents with an average of 9.4% disposable income to save.

4

Florida ranked the eighth US state in need of financial assistance, with a score of 35.9 out of 100. At 92%, it ranked seventh highest for annual average consumption of income.

Florida

5

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