A new study by personal finance firm WalletHub analyzed the economic performance of all 50 U.S. states and the District of Columbia, highlighting contrasts in growth, innovation, employment, and social well-being. Using 28 metrics grouped into three categories—economic activity, financial health, and innovation—the report identified the most prosperous and lagging states. Massachusetts ranked first with a score of 70.84, excelling in innovation potential, economic activity, and financial health. Governor Maura Healey praised the state’s leadership in education, health, and innovation. Utah ranked second with 69.18 points, leading in economic activity and showing strong financial health and innovation. Its GDP grew by 4.5% between 2023 and 2024. California ranked fourth with 67.43 points, excelling in innovation and economic volume but scoring low in financial health due to unemployment and labor market challenges. Governor Gavin Newsom highlighted California’s global economic leadership but warned of tariff policy threats. Washington ranked third with 68.97 points, driven by a robust tech ecosystem and high STEM employment. WalletHub’s methodology evaluated GDP growth, business formation, exports, income adjusted for living costs, and innovation indicators. Analyst Chip Lupo noted that while a strong state economy doesn’t guarantee individual success, it facilitates financial stability. Iowa, West Virginia, and Hawaii ranked lowest, with scores below 33, reflecting poor performance across all categories. Tennessee also dropped significantly in rankings, showing economic volatility. WalletHub emphasized that the U.S. economic landscape is dynamic, making such studies essential for understanding national economic trends.
— new from radiohuancavilca.com.ec
