Florida is now one of the most financially stressed states in the country, second only to another Southern state, according to a new report by WalletHub, which defines financial distress as having credit in forbearance or deferring payments due to financial difficulty.
“When you combine data about people delaying payments with other metrics like bankruptcy filings and credit score changes, it paints a good picture of the overall economic trends of a state,” WalletHub analyst Chip Lupo said about the findings.
Alaska’s high rating could very well have something to do with the Permanent Dividend Fund that every resident receives.
But honestly, this ranking does feel like just another way to keep the masses arguing amongst themselves over which political ideology or state is right; rather than focusing efforts on the ones at the very top sucking up all the wealth from the rest of us.
Sounds awful socialist to me.
Funded by oil. Looks socialist, actually more like a bribe to the voters to keep drilling
If we stop exporting our own oil and stop buying from the Saudis, I’ll fuckin take it at this point.
I would love it if we did that. It would be a good starting step in cutting down oil if we weren’t exporting. Oil drilling is a scurge on the earth causing earthquakes, destroying habitats, and polluting water supplies. And that’s leaving aside the global warming!
According to google, Alaska residents get about $1700 a year per person. That’s not nothing, but it’s hardly enough to guarantee financial solvency. It’s probably not even enough to offset the higher cost of living there.
If you have ever been low income, $1700 is enough to get your attention. You know where that money comes from and when you are low income, a sudden in flow of essentially an extra month and a half of salary for a rural person?
Well, you’re paying attention to that. So maybe have some perspective about what that kind of money means to a person who has a shitty truck and a barely adequate house and spends months in it through a long winter.
I see so much argument around UBI with the assumption it has to be enough to live off or it’s worthless. But Alaska’s system makes a real difference to reducing the number of people living below poverty level, even being just a small fraction of what is required to live there for a year. https://onlinelibrary.wiley.com/doi/full/10.1002/pop4.398
you missed the higher cost of living remark. Cost of living there is only ever beaten out by hawaii, california, and new york. if your completely at 0 and on the streets then its going to make a big difference but if that person with the shitty truck and barely adequate house could pay less for most everything and might actually do better in alabama. Now granted without it the high cost of living would not be appreciably lower so its effect is massive just maybe not massive enough to make up for the cost of living there.
Nah, didn’t miss it. We are just talking past each other as happens online, nbd. $1.7k is surely not enough to live on. Yet, it can make a huge difference to a low income person.
I do not know your circumstances, poverty is a unique experience that people who grew up with even just a tiny bit more security seem to not truly understand. We have sayings like ‘grinding poverty’ for a reason. IYKYK.
Yeah I’m pretty sure it costs more than 1700 just to keep your house a livable temperature throughout the year. Gamed fairly regularly with a dude in Alaska and he had to get heating oil like once a month and it was something like 300 bucks to fill if I remember correctly.
Heck I have electric heat in the medwest and have had bills go over 300.