South Carolina Ranks Among States That Need the Most Financial Help Due to COVID-19

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Charlotte Stories
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With states losing massive amounts of tax revenue while still having to support their residents during the coronavirus pandemic, the personal-finance website WalletHub today released its report on the States That Need the Most Financial Help Due to COVID-19.

To identify which states may need the most financial help due to the coronavirus crisis, the site compared the 50 states across 18 key metrics. Our data set ranges from the state’s rainy-day funds and debt per capita to the share of the workforce in highly-affected industries.

South Carolina ranked #10 and North Carolina ranked #33 on the list.

States That Need Most Financial Help Due to Coronavirus

Overall Rank State Total Score “State Financials” Rank “Health & Employment Landscape” Rank
1 Louisiana 62.29 2 4
2 Kentucky 57.55 6 7
3 Florida 57.48 17 1
4 New Hampshire 56.72 16 3
5 New York 55.40 4 25
6 Illinois 55.02 1 36
7 New Jersey 53.46 3 31
8 Nevada 53.34 14 6
9 Michigan 51.86 8 14
10 South Carolina 51.52 12 8
11 Georgia 51.44 40 2
12 Virginia 50.82 27 5
13 Colorado 50.65 11 11
14 Washington 48.74 13 19
15 California 47.36 7 43
16 Arizona 47.33 18 17
17 Alaska 47.20 5 48
18 Hawaii 46.86 31 9
19 Maryland 46.54 29 12
20 Connecticut 46.39 10 34
21 Indiana 46.12 30 13
22 Massachusetts 46.10 9 44
23 Texas 45.97 15 30
23 West Virginia 45.97 24 23
25 Oklahoma 45.50 28 21
26 Rhode Island 45.50 23 26
27 Missouri 45.30 25 24
28 North Dakota 44.48 22 29
29 Pennsylvania 43.91 19 33
30 Mississippi 43.87 32 22
31 Ohio 43.68 21 32
32 Tennessee 43.18 36 16
33 North Carolina 42.68 43 10
34 Delaware 42.38 26 38
35 Kansas 42.09 20 45
36 Alabama 40.91 35 28
37 Maine 40.84 42 20
38 New Mexico 40.49 44 15
39 Idaho 39.76 34 39
40 Montana 39.39 33 42
41 Minnesota 38.13 41 35
42 Arkansas 37.29 37 46
43 Oregon 35.88 39 47
44 Utah 35.73 48 27
45 Wisconsin 35.60 37 49
46 Nebraska 35.58 45 40
47 Vermont 34.94 46 37
48 South Dakota 34.72 49 18
49 Wyoming 30.04 50 41
50 Iowa 29.96 47 50

 

To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/states-that-need-most-financial-help-due-to-covid-19/74485/