ARIZONA NEWS

WalletHub: Arizona not a top state for financial independence

Jul 8, 2019, 4:04 AM
(Pexels)...
(Pexels)
(Pexels)

PHOENIX — If you’re looking for some financial independence, the Grand Canyon State may not be the ideal landing spot.

WalletHub ranked Arizona as the nation’s 33rd-most financially independent state in a recent study.

The personal finance website measured the 50 states based on five major sources of dependency: consumer finances, the government, the job market, international trade and personal vices.

Arizona performed well in two metrics — No. 10 in ‘vice dependency’ and No. 17 in ‘international trade dependency’ — but fell short in other important areas.

The state ranked No. 43 in ‘government dependency,’ which took into account factors like the share of subsidized housing units and households receiving public assistance.

Arizona also fared poorly in ‘financial dependency,’ finishing No. 41. In that category, a state’s share of adults saving for children’s college education, median debt per income and share of underwater mortgages were weighed the most heavily.

Arizona also ranked No. 22 in the fifth and final category, ‘job market dependency.’

A pair of bordering states fared much better than Arizona.

Utah topped the ranking of WalletHub’s most independent state, while Colorado was No. 5.

Kentucky was the least independent state.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Getty Images Photo/Roberto Machado Noa)...
KTAR.com

Police investigate death of 45-year-old woman shot in Phoenix

Police are investigating the death of a woman who died from a gunshot wound in Phoenix Friday night.
1 day ago
FILE - In this Wednesday, May 27, 2020 file photo, Medical personnel adjust their personal protecti...
KTAR.com

Arizona reports 2,482 new COVID-19 cases, 9 more deaths Saturday

Arizona health officials on Saturday reported 2,482 new COVID-19 cases and nine additional deaths from the disease.
1 day ago
(Facebook Photo/Phoenix Police Department)...
KTAR.com

Woman dies after being struck by vehicle in Phoenix

An adult woman was killed after getting struck by a vehicle near the intersection of East McDowell Road and North 26th Street in Phoenix on Friday night.
1 day ago
(Facebook photo/City of Phoenix, AZ USA)...
KTAR.com

Phoenix adopts roadmap to cut emissions, reach net-zero goal by 2050

The city of Phoenix Tuesday approved a climate action plan with the goal of reaching net-zero by 2050 while also reducing 50% of emissions by 2030. 
1 day ago
(Facebook photo/Special Olympics Arizona)...
KTAR.com

Special Olympics Arizona to kick off fall games next weekend

More than 1,000 Special Olympics athletes across the state will head to the Valley next weekend to compete in the 2021 Fall Games presented by Casino Arizona.
1 day ago
(Facebook photo/Holiday Light Experience - Salt River Fields)...
KTAR.com

Tickets for Holiday Light Experience at Salt River Fields go on sale

People can begin buying their tickets now to the Holiday Light Experience at Salt River Fields in Scottsdale which is set to get underway in November.
1 day ago

Sponsored Articles

...
DISC DESERT INSTITUTE FOR SPINE CARE

What you need to know about spine health

With 540 million people suffering from lower back pain, it remains the leading cause of long-term disability. That’s why World Spine Day on Oct. 16 will raise awareness about spinal health with its theme, BACK2BACK. “BACK2BACK will focus on highlighting ways in which people can help their spines by staying mobile, avoiding physical inactivity, not overloading […]
...
PNC Bank

3 cool tips to turn everyday moments into learning experiences for your child

Early brain development has a crucial impact on a child’s ability to learn and succeed in school and life. Research has shown that 90% of a child’s brain is developed by age five.
...
Day & Night Air

Tips to lower your energy bill in the Arizona heat

Does your summer electric bill make you groan? Are you looking for effective ways to reduce your bill?
WalletHub: Arizona not a top state for financial independence