Study: Minnesota second best state for working dads
ST. PAUL -- Minnesota is ranked the second best state for working dads, according to a study released Monday, June 11, as Father’s Day approaches.
WalletHub, a personal finance website known for its in-depth studies, said one of the reasons Minnesota was ranked near the top was that it has the highest median family income adjusted for cost of living at $95,483. That’s two times higher than in Hawaii, which has the lowest at $47,631.
Also boosting Minnesota to almost the top, said the study, was that it has the highest men’s life expectancy and was fifth in most covered through health insurance.
The study, developed by a panel of nine professors or researchers, said 93 percent of dads with children younger than 18 are employed, according to the federal Bureau of Labor Statistics.
They noted that in 1960, 75 percent of American families only had one income, but now two-thirds of family households depend on two incomes.
North Dakota was ranked 13th and South Dakota 35th. Helping North Dakota had the lowest jobless rate for dads with kids up to 17 of just 1 percent.
For a look at the complete study, see https://wallethub.com/edu/best-and-worst-states-for-working-dads/13458/