The Unz Review - Mobile
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
 TeasersiSteve Blog
Which State's Residents Have Best Credit Scores?
🔊 Listen RSS
Email This Page to Someone

 Remember My Information



=>

Bookmark Toggle AllToCAdd to LibraryRemove from Library • BShow CommentNext New CommentNext New Reply
Search Text Case Sensitive  Exact Words  Include Comments
List of Bookmarks

From MarketWatch:

Residents of this U.S. state have the highest credit scores

Can you guess?

Published: Jan 13, 2018 10:46 a.m. ET

By MARIA LAMAGNA

It’s great to be from the Land of 10,000 Lakes.

Minnesotans on average have the highest credit scores of any U.S. state, averaging 709, on the VantageScore scale of 300 to 850.

Surprise!

Minnesota’s average credit score, 709, is considered “good,” by VantageScore’s standards. It falls just short of the highest category, “excellent,” which is reserved for those with scores between 750 and 850. Just 13% of all people have “good” credit, as Minnesotans do. The average VantageScore across the U.S. is 675.

Vermont came in just behind Minnesota, with an average score of 702, followed by New Hampshire, South Dakota and Massachusetts. (VantageScore is just one scoring system lenders may use to determine creditworthiness; some use another model, including the FICO score, named for the Fair Isaac Corporation).

Mississippi ranked last, with an average score of 647, considered “poor” credit on the VantageScore scale. The other states with the lowest scores were Louisiana, Georgia, Alabama and Nevada.

Screenshot 2018-01-15 18.54.40

Moynihan’s Law of the Canadian Border confirmed for the umpteenth time.

 
Hide 53 CommentsLeave a Comment
Commenters to Ignore...to FollowEndorsed Only
Trim Comments?
    []
  1. anonymous • Disclaimer says:

    And despite high median income, D.C. has pretty bad credit scores. Hmm, I wonder why that is?

    Read More
    • Replies: @Mr. Anon

    And despite high median income, D.C. has pretty bad credit scores. Hmm, I wonder why that is?
     
    The Obamas.

    http://www.nationalreview.com/article/301790/big-spending-obamas-jim-geraghty

    "He and Michelle were living a middle- to upper-middle-class, white collar existence, going home to a spacious town house in Hyde Park and employing a caregiver to help with child care. But despite their combined incomes, which topped $250,000 a year, Obama had personal debt. He had maxed out his credit card, partly on campaign expenses, and the couple were both repaying student loans from Harvard."
    ReplyAgree/Disagree/Etc.
    AgreeDisagreeLOLTroll
    These buttons register your public Agreement, Disagreement, Troll, or LOL with the selected comment. They are ONLY available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also ONLY be used once per hour.
    Ignore Commenter Follow Commenter
    More... This Commenter This Thread Hide Thread Display All Comments
  2. Anonymous • Disclaimer says:

    Minnesotans on average have the highest credit scores of any U.S. state

    Needs Moar Somalians

    Read More
    • Replies: @Realist
    "Needs Moar Somalians"

    That program is in progress.
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  3. Anonymous • Disclaimer says:

    Credit be racist, everyone know dat.

    Pure herringbone! Bet y’all wypipo didnt know we had rap back then!

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter Display All Comments
  4. Anonymous • Disclaimer says:

    The biggest surprise is CT is not in the top 10. What gives?

    Also, Montana and Maine are very white, not in the rust belt, and not in the top 10. What makes the whites in those states not as good human capital stock as the Upper Midwest and better parts of New England? There doesn’t seem to be an obvious reason like with Rhode Island (lots of Portuguese).

    Read More
    • Replies: @Anonymous

    The biggest surprise is CT is not in the top 10. What gives?
     
    Land of Rich and Poor. A million latino immigrants & their families.

    Almost as many negroes. Bridgeport, Hartford, and New Haven are pits.

    , @Peter Akuleyev
    Maine has a lot of French Canadians relative to New Hampshire and Vermont.
    , @Difference Maker
    Interesting, though, that I immediately thought Vermont and Dakota, not Maine or Montana, and my geography is excellent

    Maine is a remote dumping ground for colonial undesirables, the dumber French Canadians, and Somalians
    , @Brutusale
    Maine, Vermont, New Hampshire and Massachusetts are all over 83% white. Rhode Island and Connecticut aren't. It's that simple.

    Even the "Portuguese" comment is a slur on that ethnicity, because a substantial and burgeoning portion of that group is Cape Verdeans.

    FYI, Connecticut is now the least white state in New England.
    , @bomag

    Montana
     
    It is probably 11th. I checked an Equifax site, where it was in the top ten.
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  5. anonymous • Disclaimer says: • Website

    OFF TOPIC …

    How a crude photo from a Boston surgeon roiled the medical world

    By Liz Kowalczyk

    BOSTON GLOBE STAFF JANUARY 12, 2018

    During a speech to hundreds of doctors at a medical conference, a prominent Boston surgeon showed a slide that had nothing to do with medicine: Displayed on huge screens was a photo of a famous Italian statue of Shakespeare’s Juliet — with the surgeon and a colleague touching her breasts.

    As chuckles and whispers rippled through the room at the November gathering, many female surgeons were incredulous — and then angry.

    Dr. Jon Einarsson, then president of the large gynecological surgery organization holding the meeting outside Washington, D.C., at first seemed to defend this and another part of his presentation that drew objections. He pointed out that “all tourists’’ in Verona traditionally touch the statue’s breasts for good luck. … (more at Globe website.)

    But isn’t it okay to dis statues of whities?

    Read More
    • Replies: @guest
    True story: I was in the waiting room of a clinic and paged through an old copy of Time (which still exists?) out of sheer boredom. Kid you not, there was something in it about the Statue Gap, lamenting the lack of female statues in the U.S. Or maybe the world; I don't remember.

    As usual, womynz--even white ones--are on the good team, long as they're not facing off against or competing with people who posses more Diversity Pokemon Points. If it were Aloha Snackbars molesting the statue, no prob.

    That's not to touch on the loophole about Juliet not being white because Italian. Hey, if idiots can get publicity pretending the Irish weren't white until yesterday, why not Veronans?

    , @YetAnotherAnon
    IIRC they've had to renovate the statue, as Juliet's right boob was being worn away.

    I did find the Indian family slightly disturbing when I was there a few years back - Dad and the small kids all groping her, while mum took photos.
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  6. Realist says:
    @Anonymous

    Minnesotans on average have the highest credit scores of any U.S. state
     
    Needs Moar Somalians

    “Needs Moar Somalians”

    That program is in progress.

    Read More
    • Agree: rogue-one
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  7. guest says:

    Stinginess is magic blood for me, not magic Minnesotan dirt, because I’m 1/4 Scottish and have zero debt. (No, my people didn’t settle here because 3M makes our tape.)

    There must be something in the magic air, however, because I hear told the Red Indians (some of who built a casino five minutes from my house to collect the money of those unaccustomed to thriftiness) used every part of the dear. And of course Vikings use all the seconds of football games.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter Display All Comments
  8. guest says:
    @anonymous
    OFF TOPIC …

    How a crude photo from a Boston surgeon roiled the medical world

    By Liz Kowalczyk

    BOSTON GLOBE STAFF JANUARY 12, 2018

    During a speech to hundreds of doctors at a medical conference, a prominent Boston surgeon showed a slide that had nothing to do with medicine: Displayed on huge screens was a photo of a famous Italian statue of Shakespeare’s Juliet — with the surgeon and a colleague touching her breasts.

    As chuckles and whispers rippled through the room at the November gathering, many female surgeons were incredulous — and then angry.

    Dr. Jon Einarsson, then president of the large gynecological surgery organization holding the meeting outside Washington, D.C., at first seemed to defend this and another part of his presentation that drew objections. He pointed out that “all tourists’’ in Verona traditionally touch the statue’s breasts for good luck. … (more at Globe website.)
     
    But isn’t it okay to dis statues of whities?

    True story: I was in the waiting room of a clinic and paged through an old copy of Time (which still exists?) out of sheer boredom. Kid you not, there was something in it about the Statue Gap, lamenting the lack of female statues in the U.S. Or maybe the world; I don’t remember.

    As usual, womynz–even white ones–are on the good team, long as they’re not facing off against or competing with people who posses more Diversity Pokemon Points. If it were Aloha Snackbars molesting the statue, no prob.

    That’s not to touch on the loophole about Juliet not being white because Italian. Hey, if idiots can get publicity pretending the Irish weren’t white until yesterday, why not Veronans?

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  9. @anonymous
    OFF TOPIC …

    How a crude photo from a Boston surgeon roiled the medical world

    By Liz Kowalczyk

    BOSTON GLOBE STAFF JANUARY 12, 2018

    During a speech to hundreds of doctors at a medical conference, a prominent Boston surgeon showed a slide that had nothing to do with medicine: Displayed on huge screens was a photo of a famous Italian statue of Shakespeare’s Juliet — with the surgeon and a colleague touching her breasts.

    As chuckles and whispers rippled through the room at the November gathering, many female surgeons were incredulous — and then angry.

    Dr. Jon Einarsson, then president of the large gynecological surgery organization holding the meeting outside Washington, D.C., at first seemed to defend this and another part of his presentation that drew objections. He pointed out that “all tourists’’ in Verona traditionally touch the statue’s breasts for good luck. … (more at Globe website.)
     
    But isn’t it okay to dis statues of whities?

    IIRC they’ve had to renovate the statue, as Juliet’s right boob was being worn away.

    I did find the Indian family slightly disturbing when I was there a few years back – Dad and the small kids all groping her, while mum took photos.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  10. Anonymous • Disclaimer says:
    @Anonymous
    The biggest surprise is CT is not in the top 10. What gives?

    Also, Montana and Maine are very white, not in the rust belt, and not in the top 10. What makes the whites in those states not as good human capital stock as the Upper Midwest and better parts of New England? There doesn't seem to be an obvious reason like with Rhode Island (lots of Portuguese).

    The biggest surprise is CT is not in the top 10. What gives?

    Land of Rich and Poor. A million latino immigrants & their families.

    Almost as many negroes. Bridgeport, Hartford, and New Haven are pits.

    Read More
    • Replies: @Difference Maker
    Aye, young whites there have a haunted expression. Too close to the Bronx.
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  11. @Anonymous
    The biggest surprise is CT is not in the top 10. What gives?

    Also, Montana and Maine are very white, not in the rust belt, and not in the top 10. What makes the whites in those states not as good human capital stock as the Upper Midwest and better parts of New England? There doesn't seem to be an obvious reason like with Rhode Island (lots of Portuguese).

    Maine has a lot of French Canadians relative to New Hampshire and Vermont.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  12. Corn says:

    For some reason I’m surprised Utah didn’t rank better.

    Read More
    • Replies: @Wilkey
    For some reason I’m surprised Utah didn’t rank better.

    Utah traditionally has one of the highest bankruptcy rates in the nation. It has a younger population, larger families, and lots of Mormons who feel obliged to give the LDS Church 10% of their gross income. Most people are lucky to even save 10% of their income; but saving money after giving 10% of it away while trying to raise 3,4,5 children is even more difficult, and for many it's even impossible. It's only going to get more difficult with the direction housing prices have been heading in the state.
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  13. So many people from the south, both white and black, moved to Illinois, Michigan and Ohio in the last century that they can almost be counted as southern states. The Great Migration wasn’t only a black thing.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter Display All Comments
  14. TBA says:

    My guess was Utah. Aren’t Mormons supposed to be level-headed and bourgeois?

    Read More
    • Replies: @Sgt. Joe Friday
    It may be that Utah is not a top scoring state, because in order to have a credit score you have to have borrowed money. Pay as you go = no consumer debt = no credit score. Anyone know what the % of homes in Utah are purchased for cash and/or with some sort of off-the-grid financing arrangement?
    , @Alden
    Big families cost a lot of money. It leads to late payments
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  15. @Anonymous
    The biggest surprise is CT is not in the top 10. What gives?

    Also, Montana and Maine are very white, not in the rust belt, and not in the top 10. What makes the whites in those states not as good human capital stock as the Upper Midwest and better parts of New England? There doesn't seem to be an obvious reason like with Rhode Island (lots of Portuguese).

    Interesting, though, that I immediately thought Vermont and Dakota, not Maine or Montana, and my geography is excellent

    Maine is a remote dumping ground for colonial undesirables, the dumber French Canadians, and Somalians

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  16. @Anonymous

    The biggest surprise is CT is not in the top 10. What gives?
     
    Land of Rich and Poor. A million latino immigrants & their families.

    Almost as many negroes. Bridgeport, Hartford, and New Haven are pits.

    Aye, young whites there have a haunted expression. Too close to the Bronx.

    Read More
    • Replies: @Difference Maker
    There is great wealth in CT, and my company wanted to move me to there, but it is a place where pretty young girls aren't even on the lookout for flirting and behave like fugitives
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  17. @Difference Maker
    Aye, young whites there have a haunted expression. Too close to the Bronx.

    There is great wealth in CT, and my company wanted to move me to there, but it is a place where pretty young girls aren’t even on the lookout for flirting and behave like fugitives

    Read More
    • Replies: @Daniel H
    >>>There is great wealth in CT

    A lot less "wealth" than you think. Just a lot of hedge funds/private equity running the Ponzi scam until it all collapses. Then Connecticut will be left with a handful of prime manufacturers and scores of abandoned mill towns and busted out hedge fund suburbs. It won't be West Virginia, but it won't be the DC suburbs, whose wealthy will never run out as long as the Federal Govt. exists.
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  18. Brutusale says:
    @Anonymous
    The biggest surprise is CT is not in the top 10. What gives?

    Also, Montana and Maine are very white, not in the rust belt, and not in the top 10. What makes the whites in those states not as good human capital stock as the Upper Midwest and better parts of New England? There doesn't seem to be an obvious reason like with Rhode Island (lots of Portuguese).

    Maine, Vermont, New Hampshire and Massachusetts are all over 83% white. Rhode Island and Connecticut aren’t. It’s that simple.

    Even the “Portuguese” comment is a slur on that ethnicity, because a substantial and burgeoning portion of that group is Cape Verdeans.

    FYI, Connecticut is now the least white state in New England.

    Read More
    • Replies: @Anonymous
    States with the highest percentages of non-Hispanic Whites, as of 2007:[50]

    Vermont 95.4%
    Maine 94.8%
    West Virginia 93.7%
    New Hampshire 93.4%
    Iowa 90.9%
    North Dakota 90.2%
    Montana 88.3%
    Kentucky 88.1%
    Wyoming 87.7%
    South Dakota 86.5%

    7 out of 10 of the most white states are not in the top 10. WV and Kentucky have that Scottish financial imprudence. But why are Maine, Montana, Wyoming and the Dakotas missing from the top 10?
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  19. Wilkey says:
    @Corn
    For some reason I’m surprised Utah didn’t rank better.

    For some reason I’m surprised Utah didn’t rank better.

    Utah traditionally has one of the highest bankruptcy rates in the nation. It has a younger population, larger families, and lots of Mormons who feel obliged to give the LDS Church 10% of their gross income. Most people are lucky to even save 10% of their income; but saving money after giving 10% of it away while trying to raise 3,4,5 children is even more difficult, and for many it’s even impossible. It’s only going to get more difficult with the direction housing prices have been heading in the state.

    Read More
    • Agree: Triumph104
    • Replies: @27 year old
    My guess would have been that Mormons are not big users of official credit systems, doing person to person loans within families or local networks when they do need to borrow. So their scores are low because the rigged credit rating system essentially punishes people for not going into debt.
    , @Joe Sweet
    That’s the “young white Mormon” side of the equation. The other factor being the massive amount of refugees pouring into Utah thanks to the resettlement fervor that is all the rage amongst observant Mormons. Minnesota’s got nothing on Deseret when it comes to enthusiasm for importing shitholers to keep the cash flowing and the righteousness amped up.
    , @Beckow

    Utah traditionally has one of the highest bankruptcy rates in the nation. It has a younger population, larger families
     
    There is a strong correlation between family situations in general and low credit scores. Mormons are at one extreme. But there are a few other groups with large stable families who also have lower credit scores like traditional Latinos, Ultra-Orthodox Jews,... Another extreme are broken families, single mothers, divorced, etc... - that to some extent explains the South, minorities, Nevada, etc...

    The ideal 'family' situation for credit purposes are married couples with no kids, single or gay. On the other extreme it also helps credit to live in the few remaining enclaves of married with children in stable suburban places (like Minnesota). There is definitely an ethnic factor, but the family situation is slowly overriding it. Economic circumstances have become harder and more competitive and that makes most family situations involving children highly unstable. The government and business policies are literally killing sustainable family life of any kind.

    Until the labor market imbalance is fixed, this will continue to get worse. The imbalance is in the obvious oversupply of labor on almost all levels. A society cannot function like that.

    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  20. @Wilkey
    For some reason I’m surprised Utah didn’t rank better.

    Utah traditionally has one of the highest bankruptcy rates in the nation. It has a younger population, larger families, and lots of Mormons who feel obliged to give the LDS Church 10% of their gross income. Most people are lucky to even save 10% of their income; but saving money after giving 10% of it away while trying to raise 3,4,5 children is even more difficult, and for many it's even impossible. It's only going to get more difficult with the direction housing prices have been heading in the state.

    My guess would have been that Mormons are not big users of official credit systems, doing person to person loans within families or local networks when they do need to borrow. So their scores are low because the rigged credit rating system essentially punishes people for not going into debt.

    Read More
    • Replies: @YetAnotherAnon
    "their scores are low because the rigged credit rating system essentially punishes people for not going into debt"

    Agreed. In the UK, someone who's lived 40 years without ever applying for credit (other than a mortgage) has a default poor credit score, as I found out when first applying for a card to use abroad.

    , @jack ryan
    To get a high credit score you need to use credit for a long time and use it responsibly. Those traditional Christian family farmers who believe (not without cause) that borrowing, buying things on credit is only done by immoral playboys, international bankers, gamblers etc - they aren't going to use credit until they buy a home.

    For your children, I recommend establishing them with some gas card, maybe a Target store credit card with a modest limit - monitor the credit so they use between 10-20% each month and make the minimum payment every month (the scoring system goes for 2 years).
    , @Triumph104
    Utah has the highest rate of affinity fraud due to Mormons preying on Mormons. This has been going on for decades, but the FBI and the US Attorney's office just issued another warning in December 2017.


    “These are greedy individuals who will stop at nothing,” said John Huber, the U.S. Attorney for the District of Utah, a lifelong resident of the state and member of the Mormon Church. “What’s so disconcerting is that these criminals approach us at church or through associations at our work or referrals from friends. They are silver-tongued devils—wolves in sheep’s clothing who will take our money and we’ll never see it again.”

    So serious is the problem of affinity fraud in Utah that in 2015 the state legislature passed a law establishing an online white-collar crime registry—similar to sex-offender registries—which publishes the names, photographs, and criminal details of individuals convicted of financial fraud crimes in the state going back a decade. Currently, there are 231 individuals listed on the registry.

    https://www.fbi.gov/news/stories/beware-of-affinity-fraud
     
    , @Wilkey
    My guess would have been that Mormons are not big users of official credit systems

    I really wouldn't know, but if I had to guess it would be the opposite: with larger families there probably isn't a lot of spare cash to spread around to individual children. Mormons certainly lend family members money just like anyone else, but I doubt it's a significant factor affecting credit scores one way or the other.
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  21. @TBA
    My guess was Utah. Aren't Mormons supposed to be level-headed and bourgeois?

    It may be that Utah is not a top scoring state, because in order to have a credit score you have to have borrowed money. Pay as you go = no consumer debt = no credit score. Anyone know what the % of homes in Utah are purchased for cash and/or with some sort of off-the-grid financing arrangement?

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  22. Joe Sweet says:
    @Wilkey
    For some reason I’m surprised Utah didn’t rank better.

    Utah traditionally has one of the highest bankruptcy rates in the nation. It has a younger population, larger families, and lots of Mormons who feel obliged to give the LDS Church 10% of their gross income. Most people are lucky to even save 10% of their income; but saving money after giving 10% of it away while trying to raise 3,4,5 children is even more difficult, and for many it's even impossible. It's only going to get more difficult with the direction housing prices have been heading in the state.

    That’s the “young white Mormon” side of the equation. The other factor being the massive amount of refugees pouring into Utah thanks to the resettlement fervor that is all the rage amongst observant Mormons. Minnesota’s got nothing on Deseret when it comes to enthusiasm for importing shitholers to keep the cash flowing and the righteousness amped up.

    Read More
    • Replies: @Wilkey
    That’s the “young white Mormon” side of the equation. The other factor being the massive amount of refugees pouring into Utah thanks to the resettlement fervor that is all the rage amongst observant Mormons.

    Embracing "refugees" has been a very recent trend in the Church, perhaps pushed by the late (and unlamented) leader, Thomas Monson. I can only hope the new leadership will reverse course on the issue. But despite their encouraging Church members to help refugees already here, I'm not aware of any LDS Church program that actually sponsors refugees.
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  23. All the blue color states with too many basque descendants pleasure loving and opiod loving paycheck to paycheck kinda people he he he

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter Display All Comments
  24. Alden says:
    @TBA
    My guess was Utah. Aren't Mormons supposed to be level-headed and bourgeois?

    Big families cost a lot of money. It leads to late payments

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  25. Beckow says:
    @Wilkey
    For some reason I’m surprised Utah didn’t rank better.

    Utah traditionally has one of the highest bankruptcy rates in the nation. It has a younger population, larger families, and lots of Mormons who feel obliged to give the LDS Church 10% of their gross income. Most people are lucky to even save 10% of their income; but saving money after giving 10% of it away while trying to raise 3,4,5 children is even more difficult, and for many it's even impossible. It's only going to get more difficult with the direction housing prices have been heading in the state.

    Utah traditionally has one of the highest bankruptcy rates in the nation. It has a younger population, larger families

    There is a strong correlation between family situations in general and low credit scores. Mormons are at one extreme. But there are a few other groups with large stable families who also have lower credit scores like traditional Latinos, Ultra-Orthodox Jews,… Another extreme are broken families, single mothers, divorced, etc… – that to some extent explains the South, minorities, Nevada, etc…

    The ideal ‘family’ situation for credit purposes are married couples with no kids, single or gay. On the other extreme it also helps credit to live in the few remaining enclaves of married with children in stable suburban places (like Minnesota). There is definitely an ethnic factor, but the family situation is slowly overriding it. Economic circumstances have become harder and more competitive and that makes most family situations involving children highly unstable. The government and business policies are literally killing sustainable family life of any kind.

    Until the labor market imbalance is fixed, this will continue to get worse. The imbalance is in the obvious oversupply of labor on almost all levels. A society cannot function like that.

    Read More
    • Replies: @Jim Bob Lassiter
    "The ideal ‘family’ situation for credit purposes are married couples with no kids, single or gay."

    I can't speak for household credit worthiness in the demographic groups you cite for good credit scores. However, in a another life, I was a B to B mercantile sales exec. in an industry very top heavy with gay business owners. A whole bunch of them thought they were good to go as long as there were plenty of blank checks in their business checkbooks.
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  26. pyrrhus says:

    Moynihan’s Law of the Canadian Border can just be shortened to Moar White People….But Minnesota is out to fix that by importing Somalia…

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter Display All Comments
  27. There is a body of thought that much of a state’s fortunes can be predicted by the pre-colonial migrations, and the subsequent migrations of those people.

    The divisions I saw were, Puritans, Quakers, Cavaliers, and Scots-Irish. The states in the Upper Midwest were originally settled by Puritans. The states with the highest Puritan influence, in New England and the Upper Midwest, have the best credit scores.

    Other interesting things. There seems to be no correlation between state laws favorable or unfavorable to creditors and the state’s credit rating. Wisconsin has some of the nation’s most pro-consumer laws (although Scott Walker and the Republicans are changing that as quickly as possible) and has very high credit scores. Texas also has very pro-consumer laws, and some of the nation’s lowest credit scores. Florida and California also have very pro-consumer laws, and are somewhere in the middle.

    Read More
    • Replies: @Difference Maker
    Texas is half black and Hispanic
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  28. gunner29 says:

    Got an 848 when I checked last month; where should I move to bring up their score?

    I wonder what it takes to get the last 2 points. I’ve had credit for 40 years and never missed or late payment in that time. Got a couple of mortgages, 5 credit cards, and then all the normal medical, utilities, insurance, taxes, and others, so I’m constantly making a payment….anybody know?

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter Display All Comments
  29. @27 year old
    My guess would have been that Mormons are not big users of official credit systems, doing person to person loans within families or local networks when they do need to borrow. So their scores are low because the rigged credit rating system essentially punishes people for not going into debt.

    “their scores are low because the rigged credit rating system essentially punishes people for not going into debt”

    Agreed. In the UK, someone who’s lived 40 years without ever applying for credit (other than a mortgage) has a default poor credit score, as I found out when first applying for a card to use abroad.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  30. Correlation of Vantage credit score and % black population by state: – 0.55

    (Higher black share, lower credit score, and vice versa)

    But then we know correlation isn’t causation, and of course, the statistics are racist anyway, so nothing to see here…

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter Display All Comments
  31. jon says:

    From the comments section of the article:

    Frank Gappa Not enough Somalis yet in Minnesota to bring that credit score down. Is Somalia a Shizhole btw?

    Larry Riley @Frank Gappa So the Southern states are full of Somalis?

    In a manner speaking, yes. LOL, what an idiot.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter Display All Comments
  32. jack ryan says: • Website
    @27 year old
    My guess would have been that Mormons are not big users of official credit systems, doing person to person loans within families or local networks when they do need to borrow. So their scores are low because the rigged credit rating system essentially punishes people for not going into debt.

    To get a high credit score you need to use credit for a long time and use it responsibly. Those traditional Christian family farmers who believe (not without cause) that borrowing, buying things on credit is only done by immoral playboys, international bankers, gamblers etc – they aren’t going to use credit until they buy a home.

    For your children, I recommend establishing them with some gas card, maybe a Target store credit card with a modest limit – monitor the credit so they use between 10-20% each month and make the minimum payment every month (the scoring system goes for 2 years).

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  33. @27 year old
    My guess would have been that Mormons are not big users of official credit systems, doing person to person loans within families or local networks when they do need to borrow. So their scores are low because the rigged credit rating system essentially punishes people for not going into debt.

    Utah has the highest rate of affinity fraud due to Mormons preying on Mormons. This has been going on for decades, but the FBI and the US Attorney’s office just issued another warning in December 2017.

    “These are greedy individuals who will stop at nothing,” said John Huber, the U.S. Attorney for the District of Utah, a lifelong resident of the state and member of the Mormon Church. “What’s so disconcerting is that these criminals approach us at church or through associations at our work or referrals from friends. They are silver-tongued devils—wolves in sheep’s clothing who will take our money and we’ll never see it again.”

    So serious is the problem of affinity fraud in Utah that in 2015 the state legislature passed a law establishing an online white-collar crime registry—similar to sex-offender registries—which publishes the names, photographs, and criminal details of individuals convicted of financial fraud crimes in the state going back a decade. Currently, there are 231 individuals listed on the registry.

    https://www.fbi.gov/news/stories/beware-of-affinity-fraud

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  34. Anonymous • Disclaimer says:
    @Brutusale
    Maine, Vermont, New Hampshire and Massachusetts are all over 83% white. Rhode Island and Connecticut aren't. It's that simple.

    Even the "Portuguese" comment is a slur on that ethnicity, because a substantial and burgeoning portion of that group is Cape Verdeans.

    FYI, Connecticut is now the least white state in New England.

    States with the highest percentages of non-Hispanic Whites, as of 2007:[50]

    Vermont 95.4%
    Maine 94.8%
    West Virginia 93.7%
    New Hampshire 93.4%
    Iowa 90.9%
    North Dakota 90.2%
    Montana 88.3%
    Kentucky 88.1%
    Wyoming 87.7%
    South Dakota 86.5%

    7 out of 10 of the most white states are not in the top 10. WV and Kentucky have that Scottish financial imprudence. But why are Maine, Montana, Wyoming and the Dakotas missing from the top 10?

    Read More
    • Replies: @Perspective
    "WV and Kentucky have that Scottish financial imprudence. "

    There seems to be a divide within Scotland it self, I'd wager the Edinburghers have better credit scores than the Glaswegians.
    , @cynthia curran
    Oregon and Washington state are pretty white as well. The US census shows both states grew a lot more in domestic migration than international migration. Most of the minorities in Washington state are now Seattle and farm communities. In Oregon the minorities are near Portland and some farming communities. Idaho is another fast domestic growth state. As for credit ratings on these states they probably are more in the middle.
    , @Autochthon
    Scots imprudent regarding finances?!

    Are you drunk? Scots are famed rightly to be thriftier than Jews!

    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  35. Mr. Anon says:
    @anonymous
    And despite high median income, D.C. has pretty bad credit scores. Hmm, I wonder why that is?

    And despite high median income, D.C. has pretty bad credit scores. Hmm, I wonder why that is?

    The Obamas.

    http://www.nationalreview.com/article/301790/big-spending-obamas-jim-geraghty

    “He and Michelle were living a middle- to upper-middle-class, white collar existence, going home to a spacious town house in Hyde Park and employing a caregiver to help with child care. But despite their combined incomes, which topped $250,000 a year, Obama had personal debt. He had maxed out his credit card, partly on campaign expenses, and the couple were both repaying student loans from Harvard.”

    Read More
    • Replies: @Jim Bob Lassiter
    Look no further than the Congressional Federal Credit Union and its bounced checks and loan default rates.
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  36. @Paleo Liberal
    There is a body of thought that much of a state's fortunes can be predicted by the pre-colonial migrations, and the subsequent migrations of those people.

    The divisions I saw were, Puritans, Quakers, Cavaliers, and Scots-Irish. The states in the Upper Midwest were originally settled by Puritans. The states with the highest Puritan influence, in New England and the Upper Midwest, have the best credit scores.

    Other interesting things. There seems to be no correlation between state laws favorable or unfavorable to creditors and the state's credit rating. Wisconsin has some of the nation's most pro-consumer laws (although Scott Walker and the Republicans are changing that as quickly as possible) and has very high credit scores. Texas also has very pro-consumer laws, and some of the nation's lowest credit scores. Florida and California also have very pro-consumer laws, and are somewhere in the middle.

    Texas is half black and Hispanic

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  37. Daniel H says:
    @Difference Maker
    There is great wealth in CT, and my company wanted to move me to there, but it is a place where pretty young girls aren't even on the lookout for flirting and behave like fugitives

    >>>There is great wealth in CT

    A lot less “wealth” than you think. Just a lot of hedge funds/private equity running the Ponzi scam until it all collapses. Then Connecticut will be left with a handful of prime manufacturers and scores of abandoned mill towns and busted out hedge fund suburbs. It won’t be West Virginia, but it won’t be the DC suburbs, whose wealthy will never run out as long as the Federal Govt. exists.

    Read More
    • Replies: @bomag

    Then Connecticut will be left with a handful of prime manufacturers and scores of abandoned mill towns and busted out hedge fund suburbs.
     
    Sounds like the ex-colonial third world. But with pretty young girls aren't even on the lookout for flirting and behave like fugitives we're already part way there.
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  38. @Beckow

    Utah traditionally has one of the highest bankruptcy rates in the nation. It has a younger population, larger families
     
    There is a strong correlation between family situations in general and low credit scores. Mormons are at one extreme. But there are a few other groups with large stable families who also have lower credit scores like traditional Latinos, Ultra-Orthodox Jews,... Another extreme are broken families, single mothers, divorced, etc... - that to some extent explains the South, minorities, Nevada, etc...

    The ideal 'family' situation for credit purposes are married couples with no kids, single or gay. On the other extreme it also helps credit to live in the few remaining enclaves of married with children in stable suburban places (like Minnesota). There is definitely an ethnic factor, but the family situation is slowly overriding it. Economic circumstances have become harder and more competitive and that makes most family situations involving children highly unstable. The government and business policies are literally killing sustainable family life of any kind.

    Until the labor market imbalance is fixed, this will continue to get worse. The imbalance is in the obvious oversupply of labor on almost all levels. A society cannot function like that.

    “The ideal ‘family’ situation for credit purposes are married couples with no kids, single or gay.”

    I can’t speak for household credit worthiness in the demographic groups you cite for good credit scores. However, in a another life, I was a B to B mercantile sales exec. in an industry very top heavy with gay business owners. A whole bunch of them thought they were good to go as long as there were plenty of blank checks in their business checkbooks.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  39. @Mr. Anon

    And despite high median income, D.C. has pretty bad credit scores. Hmm, I wonder why that is?
     
    The Obamas.

    http://www.nationalreview.com/article/301790/big-spending-obamas-jim-geraghty

    "He and Michelle were living a middle- to upper-middle-class, white collar existence, going home to a spacious town house in Hyde Park and employing a caregiver to help with child care. But despite their combined incomes, which topped $250,000 a year, Obama had personal debt. He had maxed out his credit card, partly on campaign expenses, and the couple were both repaying student loans from Harvard."

    Look no further than the Congressional Federal Credit Union and its bounced checks and loan default rates.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  40. Anonymous • Disclaimer says:

    LOL. I was like “Surely Midwestern states close to the border with Canada?” and, surprise, they are. But it’s only because they are not vibrant enough. That can be fixed for us, no doubt.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter Display All Comments
  41. jeppo says:

    That 6 state bloc in the Upper Midwest always clusters near the top of any standard-of-living type list.
    Why?

    Highest percentage of Germans by state (2000)

    1. North Dakota: 46.8%
    2. South Dakota: 44.5%
    3. Wisconsin: 43.8%
    4. Nebraska: 42.7%
    5. Minnesota: 38.4%
    6. Iowa: 35.7%

    Highest percentage of Lutherans by state (1990)

    1. North Dakota: 36.5%
    2. Minnesota: 33.9%
    3. South Dakota: 30.3%
    4. Wisconsin: 26.2%
    5. Nebraska: 16.3%
    6. Iowa: 15.4%

    Coincidence?

    Read More
    • Replies: @Steve Sailer
    Scandinavians help too. Plus the Anglos tend to be descended from Fischer's Puritans and Pietist northern streams (Massachusetts and Pennsylvania).
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  42. @jeppo
    That 6 state bloc in the Upper Midwest always clusters near the top of any standard-of-living type list.
    Why?

    Highest percentage of Germans by state (2000)

    1. North Dakota: 46.8%
    2. South Dakota: 44.5%
    3. Wisconsin: 43.8%
    4. Nebraska: 42.7%
    5. Minnesota: 38.4%
    6. Iowa: 35.7%

    Highest percentage of Lutherans by state (1990)

    1. North Dakota: 36.5%
    2. Minnesota: 33.9%
    3. South Dakota: 30.3%
    4. Wisconsin: 26.2%
    5. Nebraska: 16.3%
    6. Iowa: 15.4%

    Coincidence?

    Scandinavians help too. Plus the Anglos tend to be descended from Fischer’s Puritans and Pietist northern streams (Massachusetts and Pennsylvania).

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  43. Wilkey says:
    @27 year old
    My guess would have been that Mormons are not big users of official credit systems, doing person to person loans within families or local networks when they do need to borrow. So their scores are low because the rigged credit rating system essentially punishes people for not going into debt.

    My guess would have been that Mormons are not big users of official credit systems

    I really wouldn’t know, but if I had to guess it would be the opposite: with larger families there probably isn’t a lot of spare cash to spread around to individual children. Mormons certainly lend family members money just like anyone else, but I doubt it’s a significant factor affecting credit scores one way or the other.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  44. Wilkey says:
    @Joe Sweet
    That’s the “young white Mormon” side of the equation. The other factor being the massive amount of refugees pouring into Utah thanks to the resettlement fervor that is all the rage amongst observant Mormons. Minnesota’s got nothing on Deseret when it comes to enthusiasm for importing shitholers to keep the cash flowing and the righteousness amped up.

    That’s the “young white Mormon” side of the equation. The other factor being the massive amount of refugees pouring into Utah thanks to the resettlement fervor that is all the rage amongst observant Mormons.

    Embracing “refugees” has been a very recent trend in the Church, perhaps pushed by the late (and unlamented) leader, Thomas Monson. I can only hope the new leadership will reverse course on the issue. But despite their encouraging Church members to help refugees already here, I’m not aware of any LDS Church program that actually sponsors refugees.

    Read More
    • Replies: @J.Ross
    Evan McMullin is a Mormon in Utah and has his own refugee-warehousing racket. It's not tied to the church. Thing is, the Mormon church is unique in is business-organization and holdings. We really let it get away with whute collar murder.
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  45. J.Ross says: • Website
    @Wilkey
    That’s the “young white Mormon” side of the equation. The other factor being the massive amount of refugees pouring into Utah thanks to the resettlement fervor that is all the rage amongst observant Mormons.

    Embracing "refugees" has been a very recent trend in the Church, perhaps pushed by the late (and unlamented) leader, Thomas Monson. I can only hope the new leadership will reverse course on the issue. But despite their encouraging Church members to help refugees already here, I'm not aware of any LDS Church program that actually sponsors refugees.

    Evan McMullin is a Mormon in Utah and has his own refugee-warehousing racket. It’s not tied to the church. Thing is, the Mormon church is unique in is business-organization and holdings. We really let it get away with whute collar murder.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  46. @Anonymous
    States with the highest percentages of non-Hispanic Whites, as of 2007:[50]

    Vermont 95.4%
    Maine 94.8%
    West Virginia 93.7%
    New Hampshire 93.4%
    Iowa 90.9%
    North Dakota 90.2%
    Montana 88.3%
    Kentucky 88.1%
    Wyoming 87.7%
    South Dakota 86.5%

    7 out of 10 of the most white states are not in the top 10. WV and Kentucky have that Scottish financial imprudence. But why are Maine, Montana, Wyoming and the Dakotas missing from the top 10?

    “WV and Kentucky have that Scottish financial imprudence. ”

    There seems to be a divide within Scotland it self, I’d wager the Edinburghers have better credit scores than the Glaswegians.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  47. G Pinfold says:

    Yes. Presbyterians are famously tight and conservative in business. In the days before fund managers and merchant bankers started dressing in chinos and faux-egalitarian $2,000 linen sports coats, it was said that even pin-stripes were frowned upon in Edinburgh.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter Display All Comments
  48. bomag says:
    @Anonymous
    The biggest surprise is CT is not in the top 10. What gives?

    Also, Montana and Maine are very white, not in the rust belt, and not in the top 10. What makes the whites in those states not as good human capital stock as the Upper Midwest and better parts of New England? There doesn't seem to be an obvious reason like with Rhode Island (lots of Portuguese).

    Montana

    It is probably 11th. I checked an Equifax site, where it was in the top ten.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  49. bomag says:
    @Daniel H
    >>>There is great wealth in CT

    A lot less "wealth" than you think. Just a lot of hedge funds/private equity running the Ponzi scam until it all collapses. Then Connecticut will be left with a handful of prime manufacturers and scores of abandoned mill towns and busted out hedge fund suburbs. It won't be West Virginia, but it won't be the DC suburbs, whose wealthy will never run out as long as the Federal Govt. exists.

    Then Connecticut will be left with a handful of prime manufacturers and scores of abandoned mill towns and busted out hedge fund suburbs.

    Sounds like the ex-colonial third world. But with pretty young girls aren’t even on the lookout for flirting and behave like fugitives we’re already part way there.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  50. Law of the Canadian Border? Detroit too?

    It’s more like Law of Scandinavian Origin.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter Display All Comments
  51. @Anonymous
    States with the highest percentages of non-Hispanic Whites, as of 2007:[50]

    Vermont 95.4%
    Maine 94.8%
    West Virginia 93.7%
    New Hampshire 93.4%
    Iowa 90.9%
    North Dakota 90.2%
    Montana 88.3%
    Kentucky 88.1%
    Wyoming 87.7%
    South Dakota 86.5%

    7 out of 10 of the most white states are not in the top 10. WV and Kentucky have that Scottish financial imprudence. But why are Maine, Montana, Wyoming and the Dakotas missing from the top 10?

    Oregon and Washington state are pretty white as well. The US census shows both states grew a lot more in domestic migration than international migration. Most of the minorities in Washington state are now Seattle and farm communities. In Oregon the minorities are near Portland and some farming communities. Idaho is another fast domestic growth state. As for credit ratings on these states they probably are more in the middle.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  52. @Anonymous
    States with the highest percentages of non-Hispanic Whites, as of 2007:[50]

    Vermont 95.4%
    Maine 94.8%
    West Virginia 93.7%
    New Hampshire 93.4%
    Iowa 90.9%
    North Dakota 90.2%
    Montana 88.3%
    Kentucky 88.1%
    Wyoming 87.7%
    South Dakota 86.5%

    7 out of 10 of the most white states are not in the top 10. WV and Kentucky have that Scottish financial imprudence. But why are Maine, Montana, Wyoming and the Dakotas missing from the top 10?

    Scots imprudent regarding finances?!

    Are you drunk? Scots are famed rightly to be thriftier than Jews!

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
  53. GU says:

    Re: Utah, it’s not as White as you’d think (about 70% non-Hispanic white); surely this factors in.

    Re: Montana, it draws lots of (white) hippies and ski bums who live for today and usually have worse credit than their demographics predict.

    Read More
    ReplyAgree/Disagree/Etc. More... This Commenter Display All Comments

Comments are closed.

Subscribe to All Steve Sailer Comments via RSS
PastClassics
The “war hero” candidate buried information about POWs left behind in Vietnam.
What Was John McCain's True Wartime Record in Vietnam?
The major media overlooked Communist spies and Madoff’s fraud. What are they missing today?
The evidence is clear — but often ignored