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Economy
Study finds Illinois residents among the worst financially in the country during pandemic
2020-06-15
[Washington Examiner] A new report shows Illinoisans are hurting financially more so than most of the country during the COVID-19 outbreak.

The financial website SmartAsset compared the 50 states across six metrics, including recent measures of unemployment, housing insecurity and food insufficiency. Illinois ranked seventh in the nation for financial pain during the pandemic, according to the report.

SmartAsset spokesman Mark LoCastro said Illinois’ ranking was negatively affected by unemployment.

"In Illinois, the unemployment rate rose sharply, increasing by about 13 percentage points which is the eighth largest jump overall in our study," LoCastro said.

With that rise, the unemployment rate in April was 16.4%, 1.7 points higher than the national average and the seventh-highest of all 50 states.

LoCastro said other categories brought Illinois down in the rankings as well.

"Despite low historic poverty rates, recent survey data shows a different picture," LoCastro said. "More than one in four adults recently reported housing insecurity, while about one in eight were experiencing food insufficiencies."

Louisiana, Michigan and Ohio have the most residents financially hurting during the pandemic, while Nebraska, Iowa and Minnesota have the least.
Posted by:Besoeker

#1  When you start off at the bottom (Louisiana, Mississippi, New Mexico), its a challenge to be 'hit' hard financially. Got to have something to lose something. New Mexico is cushioned by being a NIMBY state. They have a lot of federal government operations that other states don't want (you want a nuclear waste site?). How much of the government was furloughed? None.
Posted by: Procopius2k   2020-06-15 06:34  

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