Forbes.com has released the current results of their American Dream Index, where they measure “the prosperity of the middle class, and…examine which states best support the American Dream.”
This monthly index measures alot of different economic factors, which include goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs.
The national index score was rounded out to 100.0 in January as a base for comparison and it rose the fourth straight month in a row to 101.8.
Alaska, coming in at 89.4, was the lowest score on the index because of the recent collapse in oil prices. In contrast, Wyoming was the highest score at 115.1. The full results can be seen in the map below.
Forbes Senior Editor Kurt Badenhausen explained why many states saw a boost in the index last month:
“The American Dream Index rose for the fourth straight month to 101.8 propelled by gains in goods-producing jobs and building permits, as well as declines in unemployment claims and mass layoffs.
Goods-producing jobs (manufacturing, mining, construction and agriculture) were up for the ninth straight month in May…Building permits rose for the fourth straight month compared to the prior year.”
The American Dream, for many, includes being able to own a home of one’s own. With the economy improving in many areas of the country, that dream can finally become a reality.
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