Minnesota, Wisconsin Named Two Of The Most Independent States

We are just about a week away from the 4th of July and that means celebrations and time soaking in the great outdoors. It looks like we now have another reason to celebrate!

Minnesota and Wisconsin were just named two of the most independent states in the entire country. They were given this great title in a new study put out by WalletHub on Tuesday (June 25th).

What Does This Mean?

Overall, WalletHub looked at five types of dependency to come up with their rankings for each state: consumer finances, the government, the job market, international trade and vices. Factor these all together and you get a dependent state or the opposite.

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Where Did Minnesota Rank?

Minnesota came in at number seven here! We were ranked number one in terms of financial dependency, meaning we are set up for a rainy day, so to speak.

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Minnesota placed first in a bunch of key categories as well, including median credit score, number of households with emergency funds, employer-based retirement access and participation, and more.

Minnesota also placed high in terms of median household income. Overall, Minnesota did so well because we are not entirely dependent on the federal government, according to this study.

What About Wisconsin?

Wisconsin did even better, coming in at number four. Like Minnesota, Wisconsin residents have a high median credit score, along with having of the highest employer-based retirement access and participation.

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Utah, Colorado and Florida are the most independent states, while Mississippi, Kentucky and Louisiana are the least independent.