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Top 5 Financially Happy States: Nebraska Tops the List, While Oregon's High Unemployment Brings Up the Rear
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| Contributor | kal |
| Last Edited | kal Apr 11, 2009 07:06am |
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| Category | Study |
| News Date | Saturday, April 11, 2009 01:00:00 PM UTC0:0 |
| Description | If it's financial happiness you're seeking for your next move, then the Midwest may be your best bet because according to a new study Nebraska tops the list of happiest states, fiscally.
The home of the Cornhuskers, Kool-Aid and the world's largest porch swing ranked No. 1 on MainStreet.com's Happiness Index, which used unemployment figures, foreclosures and nonmortgage debt to determine a state's overall financial well being.
"We don't go clear out on the edge with projects. We kind of go pay as you go. That's more what we like to do in Nebraska. We don't get the huge good time, but we don't get the huge bad time either," said Hastings Mayor Vern Powers. "We kind of stay in a little flatter area. In the long term, we think that's what's best."
Financial experts said other states can learn from Nebraska's conservative attitude toward money, as well as its efforts to grow a diversity of industries.
Its ethanol plants, in particular, have flourished and the ongoing effort to grow industry has enabled people who lose jobs to find new ones relatively easily.
In fact Nebraska's unemployment rate in February was a 4.2 percent. It also had one foreclosure per 25,187 households.
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