Hawaii ranks thirtieth in total prosperity in accordance with the American Dream Prosperity Index (ADPI), launched by the Milken Center for Advancing the American Dream in partnership with Legatum Institute.
The United States continues to see an increase in prosperity, whilst we confronted the long-term impacts of a pandemic and the financial realities of rising inflation and a shrinking economic system. But whereas the general pattern factors to a affluent nation, prosperity continues to be unequally distributed regionally, typically eluding rural communities and Black Americans.
Prosperity is a multidimensional idea that the American Dream Prosperity Index seeks to measure, discover, and perceive. The framework of the Index captures prosperity via three equally-weighted domains that are the important foundations of prosperity — Inclusive Societies, Open Economies, and Empowered People. These domains are made up of 11 pillars of prosperity, constructed upon 49 actionable coverage areas, and are underpinned by greater than 200 dependable indicators.
Hawaii’s strengths embrace rating first in well being, fifth in private freedom, twelfth in security and safety and 18th in social capital. According to the Index, Hawaii’s areas for enchancment embrace enterprise surroundings (ranked 51st), financial high quality (ranked 51st), infrastructure (ranked thirty fifth) and training (ranked twenty eighth). Since 2012, the state has improved in lots of areas together with social capital, infrastructure and training.
“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,” stated 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,” stated 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 nation, tens of millions of Americans are dealing with challenges that proceed to threaten prosperity. According to the 2022 ADPI, since 2012, all states other than North Dakota have elevated their prosperity, however prosperity stays unequally shared throughout and inside states. For most individuals, 2022 has been a yr of progress because the nation continues to get well from the COVID-19 pandemic and because the economic system strengthens. However, this improve in prosperity is tempered by rising gun violence in practically each state. Also detrimental to the nation’s prosperity is the deteriorating psychological well being of America, marked by an increase in suicides and opioid-related deaths, whilst Americans’ total well being continues to enhance.
ADPI’s key findings additionally level to waning social cohesion throughout the nation as one other roadblock to U.S. prosperity. This is seen within the reducing variety of Americans who’ve helped a stranger, donated cash to charity, volunteered or incessantly talked to a neighbor.
ADPI National Patterns towards Greater Prosperity:
- In 2022, 26 states have recovered to pre-pandemic ranges of total prosperity, with Oklahoma, New Jersey and New Mexico seeing the most important enchancment. Reasons for the development in these states differ, however financial elements such because the rising variety of entrepreneurs performed a key function within the post-pandemic rebound and bodes nicely for additional enchancment.
- Over the previous decade, Americans’ bodily well being have improved. Since 2012, charges of smoking have fallen by practically a 3rd, extreme alcohol use has decreased by 17% and ache reliever misuse has decreased by 21%.
- The long-term downward pattern in property crime is an encouraging improvement throughout the United States, with all however six states enhancing over the previous decade.
ADPI Key Findings:
- While U.S. prosperity rebounded post-pandemic in 2022, present file inflation threatens this restoration
- In 2022, Prosperity has elevated in each state besides North Dakota, however this progress stays unequally distributed inside state and native communities and throughout ethnic teams
- High and rising gun violence in practically each state is impacting American’s particular person sense of safety and prosperity
- Mental well being has deteriorated in each state, together with elevated deaths of despair
- A seamless decline in social cohesion and group relationships in any respect ranges of society creates obstacles to prosperity.
Although the info does spotlight a considerable variety of barricades to prosperity, ADPI can be utilized to craft distinctive options throughout all ranges of presidency. A deeper examination of prosperity, prompted by the Index, can reveal particular person points that every state can sort out to be able to advance the prosperity of its residents. This push in the direction of the event of native data-led initiatives, relatively than a ‘one size fits all’ strategy, is important for transformation throughout the nation.
The Index has been designed to learn a variety of customers, together with state and county leaders, policymakers, traders, enterprise leaders, philanthropists, journalists, researchers and U.S. residents.
View the 2022 ADPI right here.
View Hawaii’s state profile right here.
View the state-by-state prosperity rankings right here.