Well, it’s not a catchy chant, we’ll grant you.
But it does mean that – like all the children in Lake Wobegon – we’re above average. At least if you accept the data analysis released this week by the list-happy folks at WalletHub.
WalletHub, a Washington, D.C.-based online site offering credit scores, analysis and financial advice, is also prone to near-constant calculations of economic lists.
To rank the states in terms of “best-performing economies,” WalletHub used 23 measures, most of them data collected by the government. WalletHub divided them into three categories: economic activity, economic health and innovation potential, then weighted them to accord what it believed was the correct importance.
Among the factors: gross domestic product, exports, unemployment rate, job growth, share of residents lacking health insurance, foreclosure rate, in-migration of educated people and the government’s budget balance.
Top state economies, according to WalletHub’s calculations:
— Utah, which had the highest number of independent-inventor patents per 1,000 working-age residents.
— Washington, which had the highest value of exports per capita.
— Massachusetts, which had the lowest percentage of uninsured population.