Which State Saves Best in America?

In a lot of ways, Kansas is pretty middle-of-the-road. It’s literally in the middle of the country, and its median income is a little below average — but one thing that stands out are its savers.

The state is proof you don’t need to make a ton of money to start building up your savings. Its median income, per household, is $53,571, according to the U.S. Census Bureau.

Massachusetts

Percentage of residents with no savings: 48%

…vs. in 2016: 25%

Percentage of residents with less than $1,000 in savings: 61%

…vs. in 2016: 59%

Median income: $70,954

Despite a relatively high median income, Bay Staters are feeling the squeeze: The percentage of residents with no savings nearly doubled from 2016 to 2017, placing it at the bottom of the Best State to Save list. The number of people with some savings held steady, although it is much lower than the national average.

The middle of America grades average in financial literacy

There must be some correlation between middle-America states and landing smack dab in the middle of financial surveys.

Maybe the people living in the region just know how to get by within their means and put money away better than others. Nebraska and Iowa both tied for second, with each state having 30 percent of their residents with at…