A new survey of economic well-being ranks Louisiana as the fifth happiest state in the nation because of its low unemployment and foreclosure rate.
MainStreet.com, a financial media Web site, introduced the "happiness index" today as a counterbalance to the "misery index" that became popular in the 1970s. Nebraska topped the initial survey, followed by Iowa. Oregon finished last, behind Florida and California.
Contrary to popular wisdom that densely populated urban areas of the country have ‘recession-proof’ housing markets and boast impressively high average salary ranges, The Happiness Index suggests that the Midwest is the main source of financial happiness. After Nebraska in the top spot, Iowa and Kansas came in at 2 and 3 on the list of the most financially happy states.