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Hawaii and California Top List of Where People Are Likely to Live Paycheck to Paycheck
Hawaii is the state where Americans are most likely to live paycheck to paycheck, whereas residents of Minnesota are least likely, according to a new ranking released today by leading personal finance website GOBankingRates.com.
Jan. 21, 2016
Hawaii is the state where Americans are most likely to live paycheck to paycheck, whereas residents of Minnesota are least likely, according to a new ranking released today by leading personal finance website GOBankingRates.com.
“Living paycheck to paycheck isn’t necessarily a function of income,” said Cameron Huddleston, GOBankingRates’ Life + Money columnist. “Plenty of upper-income households live hand to mouth because of poor financial habits. In fact, a separate GOBankingRates’ survey found that people earning $100,000 or more were more likely to fear always living paycheck to paycheck than those earning less.”
The 10 States Where Americans Are Most Likely to Live Paycheck to Paycheck
- Hawaii
- California
- New York
- Alaska
- Florida
- Nevada
- New Jersey
- Rhode Island
- Massachusetts
- Connecticut
The 10 States Where Americans Are Least Likely to Live Paycheck to Paycheck
- Minnesota
- Iowa
- Missouri
- Utah
- Idaho
- Montana
- Kansas
- Arkansas
- Nebraska
- North Dakota
To see the full list of state rankings, click here.