Tuesday, March 17, 2020 / by Scott Shine
"Texas performs particularly well for its state’s rainy-day funds as a percentage of state expenditures—ranking second-highest of all 50 states at almost 19 percent,” SmartAsset analysts said.
To find the most recession-resistant cities in the U.S., SmartAsset examined nine metrics across three overarching categories: employment, housing and social assistance.
The employment category factors in current unemployment rate, change in unemployment rate during the Great Recession from 2007 through 2010 and the current labor force participation rate.
The housing category factors in housing costs as a percentage of income, change in home value during the Great Recession from 2007 through 2010 and mortgage delinquency rate.
The social assistance category factors in the percentage of the population relying on public assistance, average annual amount of assistance per household and state rainy-day funds as a percentage of state expenditures.