Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
June 28--A recent study reported that Tennessee is the third least safe state to live in.
With June being National Safety Month, WalletHub, a personal finance social media network, decided to follow up on analysis found from a previous study of "2014's Best & Worst Cities for Families" with a more in-depth look at the "Safest States to Live In."
In the study, WalletHub found that Tennessee ranks 49 out of 51, making it the third least safe state to live in. Arkansas finished at 50 and Nevada at 51 as the least safe. Massachusetts was found to be the safest, followed by New Hampshire then Minnesota.
Previously, Nashville finished 43 overall out of 150 on the "2014's Best & Worst Cities for Families" list, with family activities and fun rank of 54, a health and safety rank of 85, an education and child care rank of 20, an affordability rank of 63 and a socio-economic environment rank of 52. Knoxville finished 67 out of 150 and Memphis was found to be one of the worst cities at 128.
In the most recent study conducted by WalletHub looking for the safest states to live in, they compared each of the 50 states and the District of Columbia.
The states were compared not just by typical safety standards regarding violence and crime, but also based on 26 key metrics.
By using the 26 key metrics, WalletHub then sorted the states according to different safety standards that take into account data related to crime, traffic accidents, employer insurance coverage, climate disasters, consumer back accounts and more.
The data on safety was then broken down into categories that included workplace safety, natural disasters, emergency preparedness, home and community stability, traffic safety and financial security, among others.
According to some categories, the study found Tennessee ranks 39th in financial safety, 37th in driving safety, 44th in workplace safety, 49th in natural disasters and 50th in home and community safety.
Other safety conditions found in the study put Tennessee 43rd in murder and non-negligent manslaughter per capita, 39th in fatalities per 100 million vehicle miles of travel, 41st in employer health insurance coverage rates, 30th in public hospital rankings, 40th in sex offenders per capita, 49th in assault per capita, 23rd in percentage of population without health insurance coverage, 27th in percentage of people who spend more than they make, 34th in annual consumer savings account averages and 47th in number of climate disasters over $1 billion in damage.
For more information or to view the studies, visit wallethub.com.
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