C8)10 poorest states in America

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In This Video, We Will Talk About the 10 poorest states in America

10: Tennessee

While the minimum wage in the Volunteer State hasn’t changed since the last federal raise in 2009, the cost of living here has surged: Goods cost 18% more on average, the Tennessean writes.

In cities like Nashville, where the median home value is around $313,000, high housing costs have continued to exacerbate the income gap between the wealthy and the poor. A 2019 report found that, over a 10-year period, housing costs for those earning below the median rose 14%, while costs for those earning above the median increased just 3%.

One in five children lives in poverty in Tennessee, and the overall state poverty rate doubles that of the country as a whole.

9: South Carolina

The Sooner State declared a “revenue failure” in April 2020 amid the COVID-19 pandemic and crashing oil prices, but this isn’t the first time the state pulled in less money than it allocated. Oklahoma announced revenue failures in 2016 and 2017, as well.

In 2017, Oklahoma was leading the nation in education cuts, expulsions, and female incarceration rates, The Guardian reported. It came second for male incarceration.

The rate of violent crime here is 16% higher than that of the U.S. as a whole, the most recent FBI data shows.

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8: Oklahoma

The Sooner State declared a “revenue failure” in April 2020 amid the COVID-19 pandemic and crashing oil prices, but this isn’t the first time the state pulled in less money than it allocated. Oklahoma announced revenue failures in 2016 and 2017, as well.

In 2017, Oklahoma was leading the nation in education cuts, expulsions, and female incarceration rates, The Guardian reported. It came second for male incarceration.

The rate of violent crime here is 16% higher than that of the U.S. as a whole, the most recent FBI data shows.

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7: Kentucky

The Bluegrass State draws thousands of visitors each year for the Kentucky Derby in Louisville, but travel a bit farther east, and life looks a lot less fun.

Communities in East Kentucky that prospered during the mid-1900s fell apart after the decline of coal. In 2015, The Guardian called Beattyville “America's poorest white town,” blighted by scarce job opportunities and the drug epidemic.

In January, 14% of the state’s population enrolled in the Supplemental Nutrition Assistance Program (SNAP), though that number was as high as 39% in Owsley County.

6: Alabama

After years of mine and furnace closures, new projects have sparked hope for Alabama’s steel and coal industries — though the numbers still look grim over the long term. Experts recommend stashing away enough money for at least three to six months of expenses in a high-interest savings account to get you through rough patches.

Although the average unemployment rate in Alabama last year wasn’t terrible at 6.1%, many jobs aren’t providing for the state’s residents. The minimum wage hasn’t been raised over the federal rate, poverty is worse than the national average, and the inequality gap is only getting wider.

5: New Mexico

New Mexico’s economy depends heavily on tourism and its reserves of oil and gas, but demand for both sectors plummeted in recent months.

The average unemployment rate last year was 8.6%, and the state consistently ranks high in terms of child poverty. A quarter of New Mexico’s children live below the poverty line, compared to the U.S. child poverty rate of 17%.

“Businesses who seek to do big business here get huge concessions,” writes Portia on Reddit. “The big problem is an uneducated, unskilled workforce. They can pay lower wages here than in other states, but the cost of training the workers puts them off.”

4: Louisiana

With an average unemployment rate of 8.8% last year, over four children living below the poverty line, and an ongoing opioid crisis, Louisiana is the fourth poorest state in the U.S.

And the reality could be even worse than the poverty statistics suggest. About a third of Louisiana households earn more than the federal poverty level yet still fail to meet the basic cost of living for the state, says the Louisiana Association of United Ways.

The report says a family of four would require a budget of $69,732 to comfortably make ends meet; however, the median household income here is less than $50,000.

3: Arkansas

Arkansas was once dubbed “The Land of Opportunity” thanks to a period of industrialization and urbanization that followed World War II, but it currently ranks as one of the poorest states in the nation.

The Natural State is perhaps a better title: Agriculture accounted for $21 billion of Arkansas’ economy in 2019, with rice, catfish, and cotton among its most lucrative crops.

However, the recent trade war with China has hurt exports from Arkansas, causing farmers to drop prices in the face of lower demand and triggering a wave of bankruptcies. If you need to find a new line of work, some advanced job boards use AI technology to match your skills to jobs you might never have known existed.

2: West Virginia

Coal mine closures in the 1960s decimated the jobs market in West Virginia, and residents began fleeing the Mountain State for better opportunities. Declining energy prices have continued to hinder the economy’s recovery.

The state also ranks as one of the worst for education. One in five children live below the poverty line in West Virginia, and more than 10,000 students experienced homelessness during the 2019-2020 school year, reports the U.S. Department of Education.

“From the beginning, West Virginia was at a disadvantage compared to other states, and has trailed ever since,” writes wvmountaineer11 on Reddit. “Maybe an emphasis was never really placed on the value of quality education? And this is still very much a problem today, as kids in the real rural counties are on a bus to school for over an hour each way every day.”

1: Mississippi

It’s not a sweet story in the Magnolia State: The typical resident of Mississippi earns less than the typical resident of any other state.

The median household income here is a little over $45,000 — about $17,400 less than the national median — and one in five residents live below the poverty line, almost doubling the national poverty rate.

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