Delaware is among the most financially challenged states. (Mart Production photo from Pexels)
Delaware is among the most financially challenged states, a website has concluded after crunching six factors relating to personal finance.
Uplift Legal Funding, which gives lawsuit loans to plaintiffs in need, looked at these stats (followed by Delaware’s figures):
• Consumption of annual income (97.4%).
• Percentage of income saved (2.6%).
• Household debt-to-income ratio (1.5).
• Personal bankruptcy rates (166.1).
• Saving-related Google searches per 100,000 residents (372).
• Debt-related Google searches per 100,000 residents (341).
Delaware ranked fourth overall, behind Montana, Maine and Missouri.
It ranked first for annual average consumption of income and worst for savings (a gimme, since the two figures add up to 100).
Some factors were observed to have small increments among the various states. Exceptions include bankruptcy (Maine’s rate is just 59, the third-lowest in the country) and debt-related searches (Montana’s rate is 550, second-highest in the country).
