Tuesday, July 23, 2024
Hawai'i Free Press

Current Articles | Archives

Thursday, December 22, 2022
American Dream? Hawaii Business Environment Worst in USA
By News Release @ 11:52 AM :: 2002 Views :: Economy, Hawaii Statistics

American Dream? Hawaii Ranks 30th

News Release from American Dream Prosperity Index December, 2022

Hawaii ranks 30th in overall prosperity according to the American Dream Prosperity Index (ADPI), released by the Milken Center for Advancing the American Dream in partnership with Legatum Institute.

The United States continues to see a rise in prosperity, even as we faced the long-term impacts of a pandemic and the economic realities of rising inflation and a shrinking economy. But while the overall trend points to a prosperous nation, prosperity continues to be unequally distributed regionally, often eluding rural communities and Black Americans.

Prosperity is a multidimensional concept that the American Dream Prosperity Index seeks to measure, explore, and understand. The framework of the Index captures prosperity through three equally-weighted domains which are the essential foundations of prosperity — Inclusive Societies, Open Economies, and Empowered People. These domains are made up of 11 pillars of prosperity, built upon 49 actionable policy areas, and are underpinned by more than 200 reliable indicators.

View a table of the study of states that are the most to least prosperous here and a map here.

Hawaii’s strengths include ranking first in health, fifth in personal freedom, 12th in safety and security and 18th in social capital. According to the Index, Hawaii’s areas for improvement include business environment (ranked 51st), economic quality (ranked 51st), infrastructure (ranked 35th) and education (ranked 28th). Since 2012, the state has improved in many areas including social capital, infrastructure and education.

“While our nation faces many challenges including record inflation, increased gun violence, and a deteriorating mental health landscape, we are encouraged by the resiliency of communities across our country as they work to create prosperous lives for their residents,” said the Center’s President Kerry Healey. “The American Dream Prosperity Index was founded on the principle that better data leads to better decisions and outcomes. It is our goal to make this report one of the most important tools for local, state and federal lawmakers and civic leaders.”

“We are encouraged by the steady rebound of prosperity post-pandemic, even in the face of unique regional challenges,” said Legatum Institute CEO Philippa Stroud. “The foundations of the U.S. economy continue to stand strong, particularly due to the innovative entrepreneurial mindset that Americans are known for. This forward momentum highlights the genuine push towards prosperity in the face of continued adversity.”

Across the country, millions of Americans are facing challenges that continue to threaten prosperity. According to the 2022 ADPI, since 2012, all states apart from North Dakota have increased their prosperity, but prosperity remains unequally shared across and within states. For most people, 2022 has been a year of progress as the nation continues to recover from the COVID-19 pandemic and as the economy strengthens. However, this increase in prosperity is tempered by rising gun violence in nearly every state. Also detrimental to the nation’s prosperity is the deteriorating mental health of America, marked by a rise in suicides and opioid-related deaths, even as Americans’ overall health continues to improve.

ADPI’s key findings also point to waning social cohesion across the country as another roadblock to U.S. prosperity. This is seen in the decreasing number of Americans who have helped a stranger, donated money to charity, volunteered or frequently talked to a neighbor.

ADPI National Patterns toward Greater Prosperity:

In 2022, 26 states have recovered to pre-pandemic levels of overall prosperity, with Oklahoma, New Jersey and New Mexico seeing the biggest improvement. Reasons for the improvement in these states vary, but economic factors such as the increasing number of entrepreneurs played a key role in the post-pandemic rebound and bodes well for further improvement.

Over the past decade, Americans’ physical health have improved. Since 2012, rates of smoking have fallen by nearly a third, excessive alcohol use has decreased by 17% and pain reliever misuse has decreased by 21%.  

The long-term downward trend in property crime is an encouraging development across the United States, with all but six states improving over the past decade.

ADPI Key Findings:

While U.S. prosperity rebounded post-pandemic in 2022, current record inflation threatens this recovery

In 2022, Prosperity has increased in every state except North Dakota, but this progress remains unequally distributed within state and local communities and across ethnic groups

High and rising gun violence in nearly every state is impacting American’s individual sense of security and prosperity

Mental health has deteriorated in every state, including increased deaths of despair

A continuing decline in social cohesion and group relationships at all levels of society creates barriers to prosperity.

Although the data does highlight a substantial number of barricades to prosperity, ADPI can be used to craft unique solutions across all levels of government. A deeper examination of prosperity, prompted by the Index, can reveal individual issues that each state can tackle in order to advance the prosperity of its citizens. This push towards the development of local data-led initiatives, rather than a ‘one size fits all’ approach, is essential for transformation across the country.

The Index has been designed to benefit a wide range of users, including state and county leaders, policymakers, investors, business leaders, philanthropists, journalists, researchers and U.S. citizens.

View the 2022 ADPI here.

View Hawaii’s state profile here.

View the state-by-state prosperity rankings here.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii