Top 25 U.S. States With Most Generous Spenders In 2014

Richard Tiffany Gere

A recent study of all 50 U.S. states and the District of Columbia by WalletHub revealed that the state blowing the most cash in 2014 is Mississippi, while Idaho and New Mexico finished No. 2 and No. 3, respectively.

Apparently, the most frugal people live in Washington, New York, Massachusetts, and California.

Top Five States with Frugal Spenders In The United States

51. District of Columbia

50. New York

49. Massachusetts

48. California

47. Maryland

“Mississippi ranked highest due to a combination of spending more per capita than most other states on food, gas and health care, as well as ranking fifth in auto and credit card debt and third in percentage of population spending more than they make,” said Raz Daraban, a spokesperson for WalletHub.

Richard Tiffany Gere

The 2014 rankings are based on factors such as:

– How many in each state spend more than they make
– The average home size
– The average number of cars per household
– The average amount owed in card and automobile debt
– How much they have in their savings accounts.
– The average amount people spend on personal expenses: Food & Beverage (Non-Restaurant and Non-Bar Consumption), Gasoline & Other Energy-related Goods, Housing and Utilities, Health Care, and all Others.

Top 50 U.S. States  And The District Cf Columbia With Most Generous Spenders In 2014

Spending Rank

State

Spending Rank

State

1Mississippi27Virginia
2Idaho28Ohio
3New Mexico29Wisconsin
4Alabama30Wyoming
5Utah31Nevada
6Missouri32Maine
7Indiana33Colorado
8Tennessee34Florida
9Montana35Washington
10Georgia36Vermont
11South Carolina37Oregon
12Kentucky38Minnesota
13North Carolina39Illinois
14Arkansas40Pennsylvania
15Michigan41New Hampshire
16Arizona42Alaska
17Oklahoma43Rhode Island
18Delaware44Hawaii
19Kansas45New Jersey
20Iowa46Connecticut
21Louisiana47Maryland
22Texas48California
23South Dakota49Massachusetts
24Nebraska50New York
25North Dakota51District of Columbia
26West Virginia
Dr. Amarendra Bhushan Dhiraj

Dr. Amarendra Bhushan DhirajVerified account

CEO and editorial director at CEOWORLD Magazine
Dr. Amarendra Bhushan Dhiraj is the CEO and editorial director at CEOWORLD magazine, the leading global business magazine written strictly for CEOs, CFOs, top managers, company directors, investors, senior executives, business leaders, high net worth individuals, and the most globally powerful men and women.
Dr. Amarendra Bhushan Dhiraj

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