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Posted on 5/1/25 at 9:27 am to stout
Those numbers seem waaaay too low. How can someone in Colorado, where an outhouse sometimes is worth $1MM, have such a low net worth? This just doesn't add up.
Posted on 5/1/25 at 9:43 am to terriblegreen
quote:
When you average in places like Ferriday, North Baton Rouge, the 9th ward, Shreveport..... It kinda pulls the average down.
Sure, but all of these states have really poor areas. If you remove the delta and Jackson proper MS’s average goes way up. West Virginia’s McDowell county has nearly 40% at or below the poverty rate. Southeast Arkansas (counties along the river) is pulling down their average in the same way.
Posted on 5/1/25 at 9:47 am to stout
Net worth is only one part of the equation you also have to look at cost of living.
You can actually have a lower net worth but a higher standard of living if your cost of living is low enough.
You can actually have a lower net worth but a higher standard of living if your cost of living is low enough.
Posted on 5/1/25 at 9:49 am to TBoy
quote:
, where an outhouse sometimes is worth $1MM, have such a low net worth?
Because they are mortgaged up to their eyeballs with no equity to afford that outhouse. Simple
Posted on 5/1/25 at 9:49 am to stout
When I see the MHIs in certain states, I feel like my wife and I are rich compared to the average MHI of most states, however, I don't feel rich. 
This post was edited on 5/1/25 at 9:52 am
Posted on 5/1/25 at 9:51 am to TBoy
quote:
Those numbers seem waaaay too low. How can someone in Colorado, where an outhouse sometimes is worth $1MM, have such a low net worth? This just doesn't add up.
Colorado has a one of highest means in the country, so a large % of renters and low income folks worth effectively zero, with another large % of upper middle class and upper class with a lot of equity.
Posted on 5/1/25 at 9:54 am to stout
I'm higher than the avg. Hawaiian (#1), and I live in Louisiana. 
Posted on 5/1/25 at 9:59 am to TBoy
quote:
How can someone in Colorado, where an outhouse sometimes is worth $1MM, have such a low net worth?
Assets owned - Liabilities = Net Worth
They probably owe a shite ton on their mortgages.
Posted on 5/1/25 at 10:21 am to stout
Hard to believe
Alabama and Mississippi have zero billionaires
Mississippi and Alabama have no international airports
Alabama and Mississippi have zero billionaires
Mississippi and Alabama have no international airports
Posted on 5/1/25 at 10:41 am to stout
quote:
Since you are a Moo state fan I just want to make sure you saw MS was 49th
Yet they still come in 15% higher than Louisiana.
Posted on 5/1/25 at 10:48 am to Lakeboy7
I’m fine with them believing this because the fewer carpet baggers we can have the better.
Posted on 5/1/25 at 10:48 am to RunninReb
quote:
Yes Louisiana is poor and will continue to get poorer. But for many, gumbo and LSU football make up for it
It’s hilarious how many more responses a negative thread will get. LA is continuing to bring in industrial and manufacturing work.
The south in general is not going to be very high on these lists. Our poor are extremely poor and are a decent chunk of population.
Posted on 5/1/25 at 11:46 am to stout
When I was 3 I asked my Grandpa why was this state so screwed up ?
He just laughed and said "let's go get some cracklins" .
He just laughed and said "let's go get some cracklins" .
Posted on 5/1/25 at 11:47 am to stout
Land value is a major factor in net worth.
Posted on 5/1/25 at 12:26 pm to stout
I love Louisiana. Really do. Lived all over the U.S. and some internationally. Would not have raised family, especially during most formidable years, in any other place on Earth. Family, food, football and fun are central features of soul and culture as far as I am concerned (vs my experience w/“elsewhere” that is mass merchandised / synthesized - places that turn my soul into raisins in my experience.
That said, when I say “Louisiana”, I mean South Louisiana. When I say “South Louisiana”, I mean a sprinkling of Nola / Northshore and parts of Baton Rouge / River Parishes / Lafayette. When I speak to those parts, I am speaking to the people and laughter, dancing, enjoying music and life together. Focus is so not net worth building as central tenet of what life is for and about.
With that good comes a chunk of racism, ignorance, limited vision to parish borders and insular universes, nil value to education and government effectiveness - that can drive one crazy.
So I focus on the good. And have been blessed to build a rich net worth in an organic place full of soul enriching abundance, with all due respect to this net worth list that I would argue is wrong measure of what life is about. Low net worth might even be essential, in some regards, to being soul enriching.
That said, when I say “Louisiana”, I mean South Louisiana. When I say “South Louisiana”, I mean a sprinkling of Nola / Northshore and parts of Baton Rouge / River Parishes / Lafayette. When I speak to those parts, I am speaking to the people and laughter, dancing, enjoying music and life together. Focus is so not net worth building as central tenet of what life is for and about.
With that good comes a chunk of racism, ignorance, limited vision to parish borders and insular universes, nil value to education and government effectiveness - that can drive one crazy.
So I focus on the good. And have been blessed to build a rich net worth in an organic place full of soul enriching abundance, with all due respect to this net worth list that I would argue is wrong measure of what life is about. Low net worth might even be essential, in some regards, to being soul enriching.
Posted on 5/1/25 at 12:48 pm to RunninReb
quote:
But for many, gumbo and LSU football make up for it
we are a simple folk.
Posted on 5/1/25 at 1:04 pm to Cosmo
quote:
The south remains poor due to the war of yankee aggression and yankee organized reconstruction
No. The reason the South lost the war is because they were not nearly as industrialized as the North. The poverty preceded the Civil War.
Posted on 5/1/25 at 1:10 pm to stout
Not to sound too horrible... but are there white adjusted versions of these stats available? Just curious how the south compares to other rural states in the midwest really.
Posted on 5/1/25 at 1:12 pm to stout
quote:
4 of the bottom five states have more of something than any other state. Care to take a shot at what that is?
Idiots?
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