Following the money government spends isn't easy in Hawaii, according to a new report - Photo: Emily Metcalf

Photo by Emily Metcalf

With the biggest shopping event of the year just a few days away, America’s addiction to debt and spending continues to be a problem.

However, a new report, the 2014’s States with the Biggest Spenders by WalletHub, reveals Hawaii’s consumers are considerably more frugal than the nation’s average.

The report, which ranked Hawaii consumers as the 8th most frugal, reviewed 10 key metrics such as personal spending cars per household, and auto and credit card debt.

Hawaii residents spent the least amount of money on gasoline, healthcare, and all other goods, and have among the smallest homes in the nation.

Hawaii also ranked low for auto and credit card debt as well as savings.

Spending in Hawaii (1=Biggest; 25=Avg.)

  • 43rd – Personal Expenditure on Food & Beverages
  • 51st – Personal Expenditure on Gasoline & Other Energy Goods
  • 26th – Personal Expenditure on Housing & Utilities
  • 51st – Personal Expenditure on Health Care
  • 51st – Personal Expenditure on All Other Consumption
  • 33rd – Number of Cars per Household
  • 49th – Auto & Credit Card Debt
  • 47th – Annual Consumer Savings Account Averages
  • 50th – Average Home Square Footage

 

Note: Spending, savings and debt figures are adjusted by income and cost of living.

See the full report here.

Comments

comments

SHARE
Previous articleChina Seizes 31 Trafficking Suspects
Next articleCity gets ‘F’ for rail project
Hawaii Reporter is an award-winning, independent Hawaii-based news and opinion journal founded in 2001 and launched in February 2002. The journal's staff have won a number of top awards from the Society of Professional Journalists, including the top investigative news reporting awards, business reporting awards, government reporting awards, and online news reporting awards. Hawaii Reporter has a weekly television news show, News Behind the News, which airs on Mondays at 1:30 p.m. and Wednesdays at 6:30 p.m.