See where Utah ranks in top 10 states with biggest spenders in 2014

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SALT LAKE CITY – As many states are still feeling the hangover of the recent recession, others seem to be shaking it off with a bit of retail therapy.

A new study recently published on WalletHub.com shows the states with the biggest spenders in 2014 and Utah is on the list.

The Federal Reserve’s “Beige Book” reported some good news in October; jobs are expanding, industries are growing and consumer spending is on the rise.

Utah ranked as No. 5 on the big spenders list in 2014.

Experts looked at various spending habits like household credit card debt, number of cars owned, amount spent on gas and utilities and other consumer goods.

States with the biggest spenders in 2014 – WalletHub.com

“Spending” Rank

State

“Spending” Rank

State

1 Mississippi 27 Virginia
2 Idaho 28 Ohio
3 New Mexico 29 Wisconsin
4 Alabama 30 Wyoming
5 Utah 31 Nevada
6 Missouri 32 Maine
7 Indiana 33 Colorado
8 Tennessee 34 Florida
9 Montana 35 Washington
10 Georgia 36 Vermont
11 South Carolina 37 Oregon
12 Kentucky 38 Minnesota
13 North Carolina 39 Illinois
14 Arkansas 40 Pennsylvania
15 Michigan 41 New Hampshire
16 Arizona 42 Alaska
17 Oklahoma 43 Rhode Island
18 Delaware 44 Hawaii
19 Kansas 45 New Jersey
20 Iowa 46 Connecticut
21 Louisiana 47 Maryland
22 Texas 48 California
23 South Dakota 49 Massachusetts
24 Nebraska 50 New York
25 North Dakota 51 District of Columbia
26 West Virginia

Information from WalletHub.com