September 13, 2007
Mass. rich, educated, stingy
By Matthew L. Brown
Propped up by education and health care, Massachusetts got an A on its Assets and Opportunity Scorecard formulated by the Washington, D.C.-based economic development nonprofit agency the Corporation for Enterprise Development, but got an F in homeownership and C in business development from the organization.
The organization gave the commonwealth a B in financial security.
CFED said Massachusetts "boasts the highest net worth in the nation," but ranks 48th in affordability of homes and 47th in median mortgage debt. The state also ranks 50th in private loans to small businesses.
CFED also said Massachusetts was hurt by high median credit card debt and pronounced economic inequality between whites and minorities.
The organization gave the commonwealth a B in financial security.
CFED said Massachusetts "boasts the highest net worth in the nation," but ranks 48th in affordability of homes and 47th in median mortgage debt. The state also ranks 50th in private loans to small businesses.
CFED also said Massachusetts was hurt by high median credit card debt and pronounced economic inequality between whites and minorities.
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