Regional Influences on Investor Decisions - Midwest
People who travel the United States know that there are still not only cultural differences based on the part of the country they are in, but also economic differences. Property values, taxation, transportation, climate – these are all factors which can impact the economies of a particular region of the country. Those factors also impact the way investors from particular regions of the country invest their money, consider their wealth status, and deal with financial advisors.
Regional Influences on Investor Decisions - Midwest examines behaviors and attitudes of American investors in the states of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin.
As an influencer of American business, the Midwest built its success upon the success of the American railroad and the ability to transport goods upon the Mississippi River. While Chicago became an architectural hub, cities like Indianapolis and St. Louis took advantage of their central locations to anchor American transportation businesses.
As investors, the people of the Midwest are the most likely to have a primary financial advisor. They often tend to follow the averages of the rest of the United States in terms of products invested in but often have less value in their products than investors from other regions. They have invested fewer assets, and they have lower amounts among their liabilities.
Other regions in the Regional Influences on Investor Decisions series are:
- Northeast: Connecticut, Delaware, Maine, Massachusetts, New Hampshire, New Jersey, New York,Pennsylvania, Rhode Island and Vermont.
- South: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia and the District of Columbia.
- Mountain West: Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Oklahoma, Texas, Utah and Wyoming.
- Pacific Coast: Alaska, California, Hawaii, Oregon and Washington.
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