FACTOID # 2: Minnesota and Connecticut are both in the top 5 in saving money and total tax burden per capita.
 
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Economy Statistics > Nest Egg Index (most recent) by state

VIEW DATA:   Totals  
Definition     Source      Printable version   
    Bar Graph   Map   Correlations  

Showing latest available data.
Rank   States  Amount  (top to bottom)   
#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 
#11  Illinois:105.87 
#12  Virginia:105.14 
#13  Utah:104.71 
#14  Indiana:103.8 
#15  Washington:103.55 
#16  Alaska:103.46 
#17  Pennsylvania:103.44 
#18  Vermont:103.33 
#19  Iowa:103.3 
#20  Kansas:103.18 
#21  Hawaii:102.95 
#22  Rhode Island:102.02 
#23  Ohio:101.94 
#24  Missouri:100.81 
#25  Oregon:100.04 
#26  Maine:99.71 
#27  Nevada:99.04 
#28  Idaho:98.71 
#29  Arizona:98.49 
#30  Wyoming:97.96 
#31  North Carolina:97.91 
#32  California:97.86 
#33  Nebraska:97.24 
#34  South Dakota:97.14 
#35  Florida:97.04 
#36  Georgia:96.81 
#37  North Dakota:96.36 
#38  New York:95.53 
#39  South Carolina:94.37 
#40  Montana:94.2 
#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 
Weighted average: 100.2  


DEFINITION: Index ranking the ability to build and nurture financial saving and retirement assets. Factors include: Savings propensity (proportion of households in the area that have a savings product of any type — e.g., regular savings account, CD, IRA); 401(k) retirement plan penetration; Non-401(k) retirement savings plan penetration (e.g., pension plans); Investing propensity (proportion of households in the area that have any investment product or service, excluding 401(k) plans); Net worth; Owner-occupied housing value; First mortgage balance; Personal debt level; Home ownership; Household income, Cost of living; Local employment rate.

SOURCE: A.G. Edwards

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