10 States Where People Have the Lowest Net Worth

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This means that one-fifth of the population has as much debt (or more) than they have assets.

This showcases one of the widest wealth gaps in any state.

The sparsely-populated state has seen a decline in industry due to its heavy reliance on fossil fuels and coal.

Part of this is due to Nevadas tourist-heavy industry focus, low minimum wage and low-paying service jobs.

Oklahoma has 16.7% of households that have a zero or negative net worth.

A low minimum wage and an abundance of low wage jobs is a contributing factor.

Oklahoma also leads the nation inincarcerating non-violent offenders, which can hurt household finances.

Only 18% of Oklahoma residents have a net worth of $500,000 or above.

Over 16% of Georgia households have a negative or zero net worth.

This means millions of households in the Southern state are struggling financially.

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Virginia has 14.9% of households with a zero or negative net worth.

And 34% of households have a $500,000 net worth or higher!

With many high-paying federal jobs and rising house prices in recent year, this wealth gap isnt surprising.

Michigan has 14.4% of households with a negative or zero net worth.

This means that these households typically have more debt than assets, and not much invested.

This means that one-eighth of the population is struggling financially, and has more debts than assets.

But 55% of all households hold a $100,000 net worth or higher, too.