Louisiana ranks low for financial stability

A new report says Louisiana residents rank low for financial stability, which covers such measures as home ownership, academic achievement and health insurance coverage. The state got an F in the Assets & Opportunity Scorecard compiled by the Corporation for Enterprise Development, a nonprofit group that seeks to expand economic opportunities. While Louisiana ranked low for health care and educational attainment, there were some positive signs: the state ranks first in net worth by gender and fifth in median credit card debt. CFED says the state should take several steps to help residents, including raising the percentage of the Earned Income Tax Credit, extend health coverage to more low income households and close teacher licensure loopholes. Other states that received Fs were Arizona, Arkansas, Mississippi and South Carolina. States that received A grades were Hawaii, Iowa, Kansas, Maine, Massachusetts, Minnesota, New Hampshire, Vermont, Washington and Wyoming. To see the full report, click here.