Market Extra: Warren Buffet, Nebraska Shoots Up Rankings, Pandemic Boomtowns Lose Luster

 

Market Extra: Warren Buffet

Nebraska Shoots Up Rankings, Pandemic Boomtowns Lose Luster

Energy-Rich States Top Conning's 2024 State Finances Ranking

Nebraska, a state known for its agricultural production and energy resources, has taken the top spot in Conning's annual ranking of state finances, jumping seven positions from last year. This shift highlights a potential turning point in migration patterns as affordability concerns come to the forefront.

Affordability No Longer King: Pandemic Migration Trends Reverse

While states like Florida and Texas were magnets for residents seeking lower costs during the pandemic, Conning's research suggests this trend might be reversing. With remote work opportunities dwindling and living expenses rising, affordability alone isn't enough to sustain population growth.

Debt Management, Resource Wealth Key Factors in Ranking

Conning's ranking considers factors beyond affordability, including a state's debt burden, economic growth, and reliance on natural resources. Nebraska's low debt and energy production capabilities likely contributed to its rise in the rankings.

Climate Risks Pose Challenges, Wildfires Impact Investor Perception

The ranking also acknowledges the growing threat of climate change, with Hawaii falling to the bottom due in part to last year's wildfires. These events highlight potential vulnerabilities for states heavily reliant on utilities and raise investor concerns about the safety of municipal bonds.