With Independence Day right around the corner and Americans receiving trillions of dollars in aid from the government during the COVID-19 pandemic, the personal-finance website WalletHub today released its report on 2020’s Most Independent States, as well as accompanying videos.
To determine the most self-sufficient states, WalletHub compared the 50 states across 39 metrics, which measure how dependent Americans are on the government and other people for finances, their jobs and personal vices. You can find highlights from the report below.
| 2020’s Most Independent States | |
| 1. Utah | 6. Hawaii |
| 2. Virginia | 7. Kansas |
| 3. Colorado | 8. South Dakota |
| 4. Minnesota | 9. Idaho |
| 5. Massachusetts | 10. Nebraska |
Key Stats:
- Montana has the lowest share of private industry workers employed by foreign-owned firms, at 1.90 percent. That’s 4.3 times lower than in New Jersey, the highest at 8.10 percent.
- Pennsylvania and Michigan have the lowest share of government workers (local, state and federal), at 10.30 percent. Alaska has the country’s highest share, at 25.50 percent.
- New Hampshire has the lowest share of residents in poverty, at 7.90 percent – 2.6 times lower than in Mississippi (20.80 percent).
To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/most-independent-states/36426/
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