Tuesday, April 07, 2009

Texas 13th in 'financial happiness'

Texas ranks 13th in a new “Happiness Index,” based on economic well-being in the U.S.

The survey, from MainStreet.com, a personal finance site, found that the Midwest was one of the most financially content parts of the country.

Nebraska ranked No. 1, followed by Iowa, Kansas, Hawaii and Louisiana.

The ratings were based on a cross-section of key financial factors: average non-mortgage debt relative to average annual income, foreclosure numbers and the unemployment rate.

Texas was noted for having lower than average unemployment as well as non-mortgage debt as a percentage of income.

Oregon ranked 51st in the survey; Florida was ranked 50th, followed by California, 49th, and Nevada, 48th.

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Dallas Business Journal