West Virginia is a state located in the South of the US in Appalachian area. It is the 10th smallest region by land area but The Mountain State is blowing up in oil shale development and since coal is coming back, this state is red hot.
The unique geographical location of West Virginia gives it a variety of landscapes. It is famous for its rolling countryside, karst land formations, and water bodies. Needless to say, the state enjoys a wide range of outdoor activities such as trout fishing, recreational caving, hiking, mountain biking, hunting, rock climbing, whitewater rafting and hiking adventures.
Tourism is the only sector that contributes significantly to the state economy. At the same time, the area also benefits from its coal deposits which are responsible for supporting the local economy.
West Virginia is in the bottom 10 states of the country based on its economy, cost of living, and employment opportunities. It has also witnessed the slowest personal income growth at 1.5%. Only 2.3% households in the state fall within high-income bracket but its middle class is strong unlike California which has seen its middle class leave to other states like Arizona and Texas.
The average household income is $42,644 and per capita income is $24,002 which means little since taxes are low and jobs are pouring into this state because of oil shale as already stated.
Looking at these grim numbers, it is easy to guess that the residents of West Virginia require financial support every now and then to meet their expenses and short-term financial needs. In this case, personal loans can prove to be beneficial as they are easily available and can be offered for a longer period of time.
Personal Loans for Travel
Everybody loves to travel, take a vacation, go for a gap-year or simply take a break from their life of 9-5 grind. However, many people give up that dream due to lack of funds. But now it is possible to have a vacation of a lifetime by funding your long-term travels with a personal loan.
Personal loans are such an easy way to reach your interim goals and that too with flexible payback terms and low rates of interest! They are any day better than paying for it with your credit card and getting sucked into its vicious circle of revolving credit.
If you have been planning to travel for some time, but always end up postponing the idea due to limited availability of funds, then consider taking out a personal loan and take that much-needed vacation.