Spend Too Much? You’re Not Alone

Hawaii is in the top third nationally in financial savvy, but we lead the nation in the percentage of people who overspend.

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Looking for another indication that buying power in the islands doesn’t let many residents get by?

Take a look at the latest rankings from the finance and data website, WalletHub, which focus on the nation’s most and least financially savvy states.

When it comes to sustainable spending habits, Hawaii and Nevada top the list for the portion of the population that spends more than it earns.

More than one person in five — 23 percent of island residents —spends in an unsustainable way, WalletHub concluded.

That says more about our nation-leading cost of living than about our actual financial savvy; we ranked 16th nationally on the latter front.

For Civil Beat’s full coverage of Hawaii’s cost of living and what might be done to remedy it, check out our ongoing Living Hawaii series.

One analysis says Hawaii stands to lose big bucks come 2020 in Internet tax sales.
One analysis says Hawaii stands to lose big bucks come 2020 in Internet tax sales. Flickr: Pictures of Money

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