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Happiness Index: Nebraska Nabs Top Spot | News | Money/Investing | MainstreetPosted April 06, 2009
Happiness Index: Nebraska Nabs Top Spot
By Stephen Dalton
The folks in Nebraska are happier than you.
The state that brought you "Kool-Aid? and ?CliffsNotes? and the world?s richest person, Warren Buffett (Stock Quote: BRK.A), is feeling better off than the rest of us, according to MainStreet.com?s new Happiness Index.
We all know that money alone can?t buy happiness, but having a job, home and enough money to cover your basic budgetary needs is a good start.
The Cornhusker state was awarded the top ranking because:
It ranked 2nd overall in lowest number of foreclosures
It ranked 2nd in lowest unemployment rate
It ranked 5th in lowest percentage of non-mortgage debt by income
The Happiness Index, which looks at household income, debt, employment and foreclosures, is a fresh take on the old and tired Misery Index, made popular in the 1970s. The Misery Index takes into account unemployment and inflation rates and seeks to identify the most financially miserable places to live.
The Happiness Index, on the other hand, is all about which states are best weathering the current economic storm.