Florida is 2nd most miserable state, economic index concludes
Article Courtesy of The Sun-Sentinel
By Marcia Pounds
Published April 8, 2009
Florida is near the bottom of the happiness index. That is, if happiness has to do with income, debt, employment and keeping your home.
The state ranks 50th in the ranking by MainStreet.com., which included the District of Columbia in its survey of misery levels. Only Oregon at No. 51 is worse.
Florida residents' non-mortgage debt is 37.3 percent, according to the index. The state has 9.4 percent unemployment and a foreclosure rate of one per 214 households, according to MainStreet's index.
The happiness index looks at household income, debt, employment and foreclosures. The main source of financial happiness is the Midwest, according to the ranking. Nebraska, home of famed financier Warren Buffet, is in the top spot, followed by Iowa and Kansas.
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