Thank Goodness New England Isn’t on This Top 10 List
I love Top 10 lists, especially when they bode well for New England. That doesn't just mean being on them, but also NOT being on them. We tend to think of them as positives more often then not however this one is one you don't want to be on.
And let me tell you, this latest WalletHub list is one to celebrate, because none of the New England states made it in the Top 10.
In 2022, we've dealt with wicked crazy inflation because of the COVID-19 pandemic, Russia starting a war with Ukraine, and labor shortages. As a matter of fact, according to Pew Research, we hit a 40-year high earlier this year.
The good news is that inflation is on the downswing according to WalletHub, as the government continues to focus on aggressive interest rate hikes. However, it's still a prevalent part of our life, and is rising faster in certain parts of the country.
WalletHub says it compared 23 major MSAs, that's Metropolitan Statistical Areas, which are basically suburbs and the outlying areas of a major city. After comparing Consumer Price Index, which is the average change in prices we pay over time, this is where the country sees inflation rising the most. New England didn't make the Top 10.
Boston Metro is #13 on this list, and as for our Connecticut friends, the New York City metro is #16.
I mean, this is news to celebrate for sure, as we already live in one of the priciest regions of the country. Click here to see the list.