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.
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Tags: Payroll
