- Information company Zippia released its ranking of the worst states for millennials in November.
- To determine which states were the worst, Zippia considered millennial unemployment rates, average student loan debt, millennial homeownership rates, and the percentage of millennials who were living in poverty in each area.
- It found that the District of Columbia was the worst place to be a millennial, with a millennials unemployment rate of 6% and average student loan debt of $60,039.
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By now, everyone knows that millennials have it hard or at least, harder than other generations.
As Hillary Hoffower for Business Insider previously reported, millennials hold only 3% of the total wealth in the United States , while baby boomers account for nearly 60% of the country’s wealth.
“Gen X and millennials haven’t even reached these wealth levels. Thus far, Gen X only comprises about 16% of US wealth,” Hoffower wrote. “And perhaps most strikingly, the line for millennials is almost completely flat: They’ve barely seen any increase in net worth, coming in at less than 5% of total US wealth in 2019.”
But there are some places where it’s better to be a millennial than others, and information firm Zippia has the data to prove it.
Zippia determined the best and worst states by taking each state and the District of Columbia, then ranking them based on factors including millennial unemployment, average student loan debt, millennial homeownership rates, and the percentage of millenials who were living in poverty in that state. These factors were then averaged together to determine ac
As result, the study found that the District of Columbia was the worst place to be a millennial, with an unemployment rate of 6% for that age range significantly steeper than the current national employment rate of 3.7% . On top of that, Zippia’s researchers found that DC millennials have an average student loan debt of just over $60,000.
Keep reading to see which states rounded out the top 15, listed in order from least bad to worst.