A recent study by WalletHub found that Idaho is the most financially independent state in the nation, while Kentucky ranks as the least financially independent. The analysis compared all 50 states across various metrics related to financial independence, including financial, government, job-market, international-trade, and dependency factors.
Top 5 Most Financially Independent States
The top five most financially independent states are Idaho, Utah, Hawaii, Colorado, and South Dakota. According to Adam McCann, a financial writer for WalletHub, Idaho’s strong financial stability and low reliance on exports to foreign countries contributed to its top ranking. Utah ranked second due to its low unemployment rate and minimal reliance on government benefits.
Hawaii ranked third, largely due to its low rates of drug use and smoking. The bottom five states, in contrast, included South Carolina, Alaska, Mississippi, Louisiana, and Kentucky.
Original reporting: KTBS 3 (Shreveport) — read the source article.
