Virginia Tops the 2012 MoneyRates.com List of Best States to Make a Living; Hawaii Deemed Worst State for Second Year
Virginia Tops the 2012 MoneyRates.com List of Best States to Make a Living; Hawaii Deemed Worst State for Second Year
Foster City, Calif. (PRWEB) March 19, 2012
Virginia tops the list in MoneyRates.com’s 2012 Best States to Make a Living, displacing 2011 winner Illinois, which falls to fourth place. Hawaii earns Worst State to Make a Living for the second year in a row.
The study, which calculated rankings through an adjusted average income figure for each state, reveals sharp differences between the best and worst states. Virginia’s adjusted average income was $ 43,677, while Hawaii’s was just $ 22,394 – more than $ 7,000 less than the next-to-worst state, Maine.
“The differences between the top and bottom states are pretty extreme,” says Richard Barrington, senior financial analyst for MoneyRates.com. “It’s important for people to be aware of these differences. Someone who is struggling to find a job or make a living wage in one state might find things significantly easier in another state.”
The ranking of some states changed significantly from MoneyRates.com’s 2011 rankings. Nevada rose most dramatically, moving up 22 places to become the 18th best state to make a living. Three states appear in the top 10 list for the first time: Michigan, Wyoming and Utah.
With the exception of South Dakota, which dropped 14 places to the 10th worst state to make a living, all of the 10 worst states from the 2012 rankings were among the 10 worst states to make a living in 2011.
“The purpose of this exercise isn’t to criticize states where conditions are tough,” explains Barrington. “The inspiration behind the analysis is to help people. No. 1, if you are having a tough time, you can get a feel for whether things might be better somewhere else. No. 2, if you do decide to make a move, you can choose a place where the odds may be on your side.”
A recent CareerBuilder survey found that 44 percent of workers said they would be willing to relocate for a job opportunity, indicating that a significant number of workers might consider crossing state lines to better their career and income prospects.
The 10 Best States to Make a Living in 2012, according to MoneyRates.com’s adjusted average income calculation, is:
1. Virginia – $ 43,677
2. Washington – $ 43,662
3. Texas – $ 42,816
4. Illinois – $ 41,865
5. Colorado – $ 40,490
6. Michigan – $ 40,490
7. Wyoming – $ 39,745
8. Utah – $ 39,250
9. Delaware – $ 38,802
10. Massachusetts – $ 38,793
The 10 Worst States to Make a Living in 2012, according to MoneyRates.com’s adjusted average income calculation, is:
1. Hawaii – $ 22,394
2. Maine – $ 29,703
3. Vermont – $ 30,433
4. Mississippi – $ 31,178
5. Montana – $ 31,256
6. Rhode Island – $ 31,353
7. California – $ 31,459
8. West Virginia – $ 32,297
9. South Carolina – $ 32,645
10. South Dakota – $ 33,121
For more details, please see MoneyRates.com’s 2012 Best States to Make a Living and Worst States to Make a Living, as well as the full ranking of all 50 states.
Methodology
MoneyRates.com used four factors in its analysis: unemployment rates and average annual wages from the U.S. Bureau of Labor Statistics, state income tax rates from the Tax Foundation and cost of living data from the ACCRA Cost of Living Index.
Starting with each state’s mean annual wages, the figures were adjusted in accordance with tax rates, unemployment rates and cost of living figures. The resulting number is the adjusted average income figure used in the rankings.
About MoneyRates.com
MoneyRates.com has been a leading source of information on bank rates, personal finance, savings accounts and investing since 1999. The site provides the highest rates on CDs, money market accounts and high-yield savings accounts. The Web Marketing Association awarded a Financial Services Standard of Excellence to MoneyRates.com in the 2011 WebAwards competition.
MoneyRates.com is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to find, research and select the products, services and brands that best meet their needs. The company is a leader in visitor-friendly marketing practices. For more information, please visit QuinStreet.com.
Press Contact
Andrew Heilman
775-784-3842
pr(at)moneyrates(dot)com
###
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Virginia Tops the 2012 MoneyRates.com List of Best States to Make a Living; Hawaii Deemed Worst State for Second Year
Virginia Tops the 2012 MoneyRates.com List of Best States to Make a Living; Hawaii Deemed Worst State for Second Year
Foster City, Calif. (PRWEB) March 19, 2012
Virginia tops the list in MoneyRates.com’s 2012 Best States to Make a Living, displacing 2011 winner Illinois, which falls to fourth place. Hawaii earns Worst State to Make a Living for the second year in a row.
The study, which calculated rankings through an adjusted average income figure for each state, reveals sharp differences between the best and worst states. Virginia’s adjusted average income was $ 43,677, while Hawaii’s was just $ 22,394 – more than $ 7,000 less than the next-to-worst state, Maine.
“The differences between the top and bottom states are pretty extreme,” says Richard Barrington, senior financial analyst for MoneyRates.com. “It’s important for people to be aware of these differences. Someone who is struggling to find a job or make a living wage in one state might find things significantly easier in another state.”
The ranking of some states changed significantly from MoneyRates.com’s 2011 rankings. Nevada rose most dramatically, moving up 22 places to become the 18th best state to make a living. Three states appear in the top 10 list for the first time: Michigan, Wyoming and Utah.
With the exception of South Dakota, which dropped 14 places to the 10th worst state to make a living, all of the 10 worst states from the 2012 rankings were among the 10 worst states to make a living in 2011.
“The purpose of this exercise isn’t to criticize states where conditions are tough,” explains Barrington. “The inspiration behind the analysis is to help people. No. 1, if you are having a tough time, you can get a feel for whether things might be better somewhere else. No. 2, if you do decide to make a move, you can choose a place where the odds may be on your side.”
A recent CareerBuilder survey found that 44 percent of workers said they would be willing to relocate for a job opportunity, indicating that a significant number of workers might consider crossing state lines to better their career and income prospects.
The 10 Best States to Make a Living in 2012, according to MoneyRates.com’s adjusted average income calculation, is:
1. Virginia – $ 43,677
2. Washington – $ 43,662
3. Texas – $ 42,816
4. Illinois – $ 41,865
5. Colorado – $ 40,490
6. Michigan – $ 40,490
7. Wyoming – $ 39,745
8. Utah – $ 39,250
9. Delaware – $ 38,802
10. Massachusetts – $ 38,793
The 10 Worst States to Make a Living in 2012, according to MoneyRates.com’s adjusted average income calculation, is:
1. Hawaii – $ 22,394
2. Maine – $ 29,703
3. Vermont – $ 30,433
4. Mississippi – $ 31,178
5. Montana – $ 31,256
6. Rhode Island – $ 31,353
7. California – $ 31,459
8. West Virginia – $ 32,297
9. South Carolina – $ 32,645
10. South Dakota – $ 33,121
For more details, please see MoneyRates.com’s 2012 Best States to Make a Living and Worst States to Make a Living, as well as the full ranking of all 50 states.
Methodology
MoneyRates.com used four factors in its analysis: unemployment rates and average annual wages from the U.S. Bureau of Labor Statistics, state income tax rates from the Tax Foundation and cost of living data from the ACCRA Cost of Living Index.
Starting with each state’s mean annual wages, the figures were adjusted in accordance with tax rates, unemployment rates and cost of living figures. The resulting number is the adjusted average income figure used in the rankings.
About MoneyRates.com
MoneyRates.com has been a leading source of information on bank rates, personal finance, savings accounts and investing since 1999. The site provides the highest rates on CDs, money market accounts and high-yield savings accounts. The Web Marketing Association awarded a Financial Services Standard of Excellence to MoneyRates.com in the 2011 WebAwards competition.
MoneyRates.com is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to find, research and select the products, services and brands that best meet their needs. The company is a leader in visitor-friendly marketing practices. For more information, please visit QuinStreet.com.
Press Contact
Andrew Heilman
775-784-3842
pr(at)moneyrates(dot)com
###
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Account Recovery Agency, H. P. Sears Company, Inc. Selects SunGard?s AvantGard Predictive Metrics
Account Recovery Agency, H. P. Sears Company, Inc. Selects SunGard’s AvantGard Predictive Metrics
Bakersfield, CA (PRWEB) March 13, 2012
H. P. Sears Company, Inc., an account recovery agency with a focus on medical, government, utilities, financial institutions, retail, and commercial collections, has selected SunGard’s AvantGard Predictive Metrics for statistical modeling to help prioritize collections and increase recovery rates for its clients on medical and credit card debt as well as payday loans.
Chris Thompson, operations manager, at H. P. Sears Company, Inc. said, “We selected AvantGard Predictive Metrics after SunGard successfully completed a complimentary validation analysis of our medical and credit card portfolio. SunGard determined the accounts most likely to pay and least likely to pay, and we compared this output to how the portfolios actually performed. The predicted results were in line with the actual results. We’re investing in the models as we believe that they will help us increase liquidations by strategically targeting accounts.”
Dwayne Banasiak, vice president business development, Predictive Metrics solutions, at SunGard’s AvantGard business unit, said, “SunGard’s AvantGard Predictive Metrics uses statistical modeling to help collection agencies improve collector performance by helping them target the right accounts more effectivelyThe models are based on historical payment behavior rather than credit card bureau data which will help companies comply with permissible purpose rules. Statistical modeling will help H.P. Sears predict the likelihood of collection, coupled with the expected value of the account, thereby helping it maximize liquidations and increase cost efficiencies.”
About H. P. Sears Company, Inc.
H. P. Sears Company, Inc. was established in 1928 and now represents clients throughout the United States. It is an account recovery agency with a focus on medical, government, utilities, financial institutions, retail, and commercial collections. H. P. Sears Company, Inc. prides itself on experienced, well-trained account recovery professionals. The agency’s innovative and cutting edge technology allows them to provide exceptional communication and highest possible return for our clients. For more information, visit http://www.hpsears.com.
About SunGard’s AvantGard
SunGard’s AvantGard is a leading liquidity and risk management solution for corporations, insurance companies and the public sector. The AvantGard solution suite includes credit risk modeling, collections management, treasury risk analysis, cash management, payments system integration, and payments execution delivered directly to corporations or via banking partners. AvantGard solutions help consolidate data from multiple in-house systems, drive workflow and provide connectivity to a broad range of trading partners including banks, SWIFT, credit data providers, FX platforms, money markets, and market data. The technology is supported by a full range of services, including managed cloud services, treasury operations management, SWIFT administration, managed bank connectivity, bank on-boarding, and vendor enrollment, and is delivered by a team of domain experts. For more information, visit http://www.sungard.com/avantgard.
About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $ 4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and AvantGard are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Account Recovery Agency, H. P. Sears Company, Inc. Selects SunGard?s AvantGard Predictive Metrics
Account Recovery Agency, H. P. Sears Company, Inc. Selects SunGard’s AvantGard Predictive Metrics
Bakersfield, CA (PRWEB) March 13, 2012
H. P. Sears Company, Inc., an account recovery agency with a focus on medical, government, utilities, financial institutions, retail, and commercial collections, has selected SunGard’s AvantGard Predictive Metrics for statistical modeling to help prioritize collections and increase recovery rates for its clients on medical and credit card debt as well as payday loans.
Chris Thompson, operations manager, at H. P. Sears Company, Inc. said, “We selected AvantGard Predictive Metrics after SunGard successfully completed a complimentary validation analysis of our medical and credit card portfolio. SunGard determined the accounts most likely to pay and least likely to pay, and we compared this output to how the portfolios actually performed. The predicted results were in line with the actual results. We’re investing in the models as we believe that they will help us increase liquidations by strategically targeting accounts.”
Dwayne Banasiak, vice president business development, Predictive Metrics solutions, at SunGard’s AvantGard business unit, said, “SunGard’s AvantGard Predictive Metrics uses statistical modeling to help collection agencies improve collector performance by helping them target the right accounts more effectivelyThe models are based on historical payment behavior rather than credit card bureau data which will help companies comply with permissible purpose rules. Statistical modeling will help H.P. Sears predict the likelihood of collection, coupled with the expected value of the account, thereby helping it maximize liquidations and increase cost efficiencies.”
About H. P. Sears Company, Inc.
H. P. Sears Company, Inc. was established in 1928 and now represents clients throughout the United States. It is an account recovery agency with a focus on medical, government, utilities, financial institutions, retail, and commercial collections. H. P. Sears Company, Inc. prides itself on experienced, well-trained account recovery professionals. The agency’s innovative and cutting edge technology allows them to provide exceptional communication and highest possible return for our clients. For more information, visit http://www.hpsears.com.
About SunGard’s AvantGard
SunGard’s AvantGard is a leading liquidity and risk management solution for corporations, insurance companies and the public sector. The AvantGard solution suite includes credit risk modeling, collections management, treasury risk analysis, cash management, payments system integration, and payments execution delivered directly to corporations or via banking partners. AvantGard solutions help consolidate data from multiple in-house systems, drive workflow and provide connectivity to a broad range of trading partners including banks, SWIFT, credit data providers, FX platforms, money markets, and market data. The technology is supported by a full range of services, including managed cloud services, treasury operations management, SWIFT administration, managed bank connectivity, bank on-boarding, and vendor enrollment, and is delivered by a team of domain experts. For more information, visit http://www.sungard.com/avantgard.
About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $ 4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and AvantGard are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Global Financial & Remarketing Services Equipment Leasing Fund II Approved on DTCC
Global Financial & Remarketing Services Equipment Leasing Fund II Approved on DTCC
(PRWEB) March 19, 2012
Global Financial & Remarketing Services, LLC, an equipment leasing and alternative financial solutions firm, is pleased to announce that GFRS Equipment Leasing Fund II has been approved by Depository Trust Clearing Corporation (DTCC). This approval provides wealth management advisors and non-affiliated registered investment advisors (RIAs) the ability to place GFRS Fund II into their clients’ investment portfolios.
Depository Trust Clearing Corporation, through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks.
Founded in 2009, Global Financial and Remarketing Services is an equipment leasing and alternative financial services company that serves small and mid-size businesses by offering a hybrid of financial solutions to meet growing business needs. GFRS serves a broad spectrum of industries including the medical, telecommunications, I.T., manufacturing and energy-related sectors. According to the National Federation of Independent Business, a recent study shows that only half of small businesses attempting to borrow funds are able to obtain the capital they need. Nearly 25% are unable to receive any credit at all. At GFRS, we pride ourselves on addressing this need through personal service, quick turnaround time on funding decisions and the understanding that a business is more than its credit rating. Other services offered include structured finance and debt & equity placement for publicly and privately held companies.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.