Alaskans Get 10th Most “Frugal” Ranking

According to a new study by WalletHub.com Alaska has the 10th most frugal shoppers in the U. S.

Alaska’s low spending may be a good thing since as of June 30 of this year total consumber debt in the U.S. stood at $11.63 trillion according to the Federal Reserve Bank of New York.

Spending in Alaska(1=Biggest; 25=Avg.)

• 40^th – Personal Expenditure on Food & Beverages
• 42^nd – Personal Expenditure on Gasoline & Other Energy Goods
• 51^st – Personal Expenditure on Housing & Utilities
• 36^th – Personal Expenditure on Health Care
• 47^th – Personal Expenditure on All Other Consumption
• 34^th – Number of Cars per Household
• 38^th – Auto & Credit Card Debt
• 50^th – Annual Consumer Savings Account Averages
• 41^st – Average Home Square Footage

WalletHub experts used ten metrics to compile the statistics and adjusted those by average income and cost of living.

For that full report, click here.