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Number Crunch

Published Friday Jun 23, 2023

Author Matthew J. Mowry

#1
NH’s rank for financial literacy in the U.S. The state also ranks seventh lowest nationally for its recent credit card delinquency rate (5.74%) and the change in delinquency rate from Q4 2021 to Q4 2022 (-12.50%). We frugal Yankees know how to handle our money. 
Sources: The Penny Hoarder (financial literacy) and Forbes Advisor (credit cards)

 

 

 

 

$90 million
The investment NH is making in rural broadband connectivity to connect over 50,000 homes and businesses to high-speed internet using federal funds through the American Rescue Plan Act’s Coronavirus Capital Projects Fund. 
Source: NH Dept. of Business and Economic Affairs

 

 

#4
At least something is affordable. NH ranks among the top five cheapest states to own and maintain a car. The average annual cost of full coverage car insurance in NH is $1,411.
Source: Forbes Advisor

 

 

 

3
While a record number of small businesses have been opening since the pandemic, NH ranks among the worst to start a small business (only ahead of Hawaii and Maine) due to low business funding and venture capital availability, limited local incentive programs, high tax rates, and high cost of living.  
Source: Lendio study using the most recent data from the Bureau of Labor Statistics, Census Bureau, and Small Business Administration from 2016-2023.

 

Did You Know?
While NH is among the best states to retire (#5 nationally), it isn’t the cheapest. It also ranks 13th among the most expensive states to retire.
Sources: Scholaroo (best survey) and Seniorly.com (most expensive survey)

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