We posted about the 10 US States with the best economies, but what about the states that came in last in the rankings. We're giving them some love too. If you're interested in learning more about the methodology behind the ranking, please visit the link about and view our article on the 10 states with the best economies. Below we've rank the 10 worst performing economies starting with the most struggling and sluggish economy.
Fewer Americans are home-owners versus when the study was first published in 1988. That says a lot about the current state of housing in America. Nearly one-third of American households, or 38.1 million, paid more than 30% of their incomes for housing in 2016, making them “cost-burdened."
It has particularly been a hard on youth, no longer able to move out of the nest. In general, Americans are also staying in one place for longer as they are reluctant to move.