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

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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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