Savings Rate By State

Prediction: poor (conservative) southern states will have the lowest savings rate b/c of low income.

Highest savings rate will be states where significant portions of people are in big cities / higher earning.  Not really connected w/ conservatism or liberalism, mostly a function of income.

California will be somewhere in the middle b/c it is so damn big… it has big cities and large numbers of poor rural people.

https://en.wikipedia.org/wiki/List_of_U.S._states_by_savings_rate

Ok now here’s what I found…

California ranks #32 (as predicted, woot).

Rank States  Amount 
# 1   New Jersey: 114.35
# 2   Connecticut: 113.98
# 3   Minnesota: 113.7
# 4   New Hampshire: 112.19
# 5   Massachusetts: 111.77
# 6   Maryland: 111.4
# 7   Delaware: 108.73
# 8   Michigan: 107.45
# 9   Wisconsin: 107.41
# 10   Colorado: 106.41

Okay, so a fair number of the Northeast states.  I’m surprised that Michigan (Detroit, auto industry) is so high.  I was also surprised that New York was #38.

Indeed, the lowest are mostly the poor Southern states:

# 41   Kentucky: 92.97
# 42   Tennessee: 92.55
# 43   Texas: 92.02
# 44   New Mexico: 91.46
# 45   West Virginia: 90.39
# 46   Alabama: 89.29
# 47   Oklahoma: 87.77
# 48   Arkansas: 87.12
# 49   Louisiana: 86.94
# 50   Mississippi: 85.48
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s