Majority of states are enjoying pre-pandemic levels of prosperity according to new report by Milken Center for Advancing the American Dream and Legatum Institute
Washington – Tennessee ranks 39th 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.
Tennessee’s strengths include ranking 18th in governance, 19th in economic quality and 23rd in business environment. According to the Index, Tennessee’s areas for improvement include health (ranked 44th), living conditions (ranked 43rd), safety and security (ranked 43rd), education (ranked 34th) and personal freedom (ranked 32nd).
Since 2012, the state has improved the most in economic quality, education and natural environment.
“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.”
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