How Does Your State Rank for Economic Security?

Young woman sleeping on money
aslysun / Shutterstock.com

Economic security sounds like a feeling. You may feel secure, for example, if you have zero debt and a sizable chunk of cash in the bank. But there’s a more formal definition.

According to a recent report from the nonprofit Institute for Women’s Policy Research in Washington, D.C.:

“To experience economic security, working adults must have enough income to meet their basic monthly expenses — such as housing, food, transportation, and child-care expenses — and save for emergencies and retirement.”

Using national and state data, the institute determined that, in the U.S., only 67 percent of working adults aged 19-64 are economically secure.

We used data from the report to rank the states, starting with ones where economic security is least common. Our numbers are for a family of four — two working parents, an infant and a preschooler — who have no workplace benefits, such as employer-sponsored health insurance or a retirement plan.

Popular Articles

How to Get Rid of 6 Hard-to-Sell Things
How to Get Rid of 6 Hard-to-Sell Things

Find out where to sell, donate or recycle items — and feel good about it.

The 10 Commandments of Wealth and Happiness
The 10 Commandments of Wealth and Happiness

I’ve been offering money advice for more than 35 years. Here are the 10 most important things I’ve learned.

17 Simple Home Repairs That Will Save You Cash
17 Simple Home Repairs That Will Save You Cash

Here’s how to cut household costs and maintain your property’s value.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Trending Stories

Comments