South Carolina is 7th worst state for Millennials in 2022, report shows. Here’s why

Residing in South Carolina is hard for a millennial lately, a brand new report reveals.

South Carolina was ranked the seventh worst state to stay in for millennials in 2022, in line with a WalletHub report. To find out probably the most livible locations, the report in contrast all 50 states and the District of Columbia throughout 34 key metrics, starting from common month-to-month earnings for millennials to their unemployment price.

The state of Washington ranked on the high of the listing, whereas Mississippi was on the backside.

The report states that millennials, folks presently of their mid-20s to early 40s and who’ve a inhabitants about 80 million robust, are chargeable for 21% of all client spending within the U.S.

Nevertheless, regardless of millennials’ buying energy and academic attainment, they’re economically worse off than their mother and father. Getting into the workforce within the shadow of the Nice Recession has considerably lowered their job prospects and incomes potential for many years, the report states. The COVID-19 pandemic has added extra monetary hardship on millennials.

Under is a listing of how South Carolina millennials ranked amongst a collection of metrics that led to the state incomes its seventh place spot within the report.

Residing & Working as a Millennial in South Carolina (1=Finest; 25=Avg.):

• 32^nd – % of Millennials Residing with Dad and mom
• 22^nd – Housing Price for Millennials
• 36^th – % of Millennials
• 44^th – Common Month-to-month Earnings for Millennials
• 20^th – Millennial Homeownership Charge
• 35^th – Millennial Unemployment Charge
• 45^th – % of Insured Millennials
• 25^th – % of Millennials with Melancholy

This can be a listing of the ten greatest and 10 worst locations for millennials to stay in 2022.

Prime 10

1. Washington
2. District of Columbia
3. Massachusetts
4. Utah
5. Illinois
6. Minnesota
7. Oregon
8. Wisconsin
9. Virginia
10. Colorado

Backside 10

1. Kentucky
2. Oklahoma
3. Alaska
4. South Carolina
5. Nevada
6. Louisiana
7. Arkansas
8. New Mexico
9. West Virginia
10. Mississippi

This story was initially revealed Might 26, 2022 5:00 AM.