This is quite the accolade.
Pennsylvania, according to a recent study, is apparently the most financially healthy state in these United States of America.
MarketWatch — which “provides the latest market, financial and business news” as related to “market quotes, personal finance advice, company news and more” — tapped into its MarketWatch Guides personal finance experts to take a look at economic factors such as the average salary, retirement savings, disposable income, inflation, and consumer debt of each state.
The results of this analysis — as sent out via emailed press release — crowned Pennsylvania as the most financially healthy state in the nation.
“Pennsylvania topped the ranking for the most financially healthy U.S. states, recording 6.94 out of 10,” the release reads. “One key factor is the abundance of disposable income, with residents retaining an average of $71,600 per capita.
“The state also has lower debt per consumer, averaging $85,047 — $15,344 less than the national average of $100,391. Additionally, most residents have accumulated substantial retirement savings, with the median at $462,075 as of September 2021.”
This aligns with the findings of another study, which pegged Pennsylvania as one of America’s top financially literate states, too.
Ohio ranked second on the MarketWatch study and Washington, third. The latter, actually, has the most disposable income in the country at an average of $79,705 per capita.
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Publish date : 2024-09-20 05:05:00
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