What you owe by State

Brookswood

Brookswood

Senior Member
Here’s some fun facts.

These states are where Americans have the most, least debt

If you live in Hawaii, California or Colorado you owe the most money per person to pay off your state’s debts. Oregon and Nevada follow them.

If you live in Idaho you owe the least to pay off your state’s debts.

Somehow potatoes are looking a lot better than “paradise”.


Colorado, while not the worst when considering GDP, still has the highest household debt per capita, according to the report, at nearly $90,000. That figure is about the average annual earnings for residents of the state.


The next five most indebted residents by state in order are Maryland and Massachusetts with Connecticut, South Carolina and Washington tied for the next spot.

The least indebted state is Oklahoma, according to the report, followed by Iowa and a tie for third with New Hampshire and Nebraska. The fifth best state in the category is Ohio.

The next five best states, from best to worst, are Wyoming, Indiana, and Wisconsin, with Vermont and South Dakota tied in their ranking.

“Idaho has the lowest per capita government debt in the nation, at $3,107.52, which accounts for 5.43% of the state’s total GDP,” the report added.
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Just another fluff headline. Means very little.

#1: Don't confuse the federal deficit with personal indebtedness. They are two entirely different things. No one is ever going to demand you or your grandchildren "pay off" the national debt. The numbers to pay attention to are GDP, per capita income, unemployment, and inflation. That is what matters to a country's economy vs the rest of the world.

#2: State debt should also be weighed against state social services. Many states have very poor social services to help children, disabled, and the elderly. Many people don't realize that CA places most of its income tax burden on the upper 2%. No one would ever believe LeBron James likes paying CA income tax compared to Ohio taxes, but his wife and kids adore CA and that's why he lives here....along with a lot of other billionaires.

#3: It also is not well-known that in tracking the inflow vs outflow of residents, the median income of those coming into CA is sizably higher than the median income of those leaving CA. People leaving - <$75K/yr income. People arriving - >$105K/yr income.

It was turned a satirical meme, but happens to be actually true, that residents of one city in the San Francisco Peninsula made a statement at a local public hearing that instantly went viral (there are over 100 individual cities in just the San Francisco Bay Area, which does not include the cities in the rural northern Redwood region, the state capitol and its suburbs, the Wine Country, nor the Central Coast, Central Valley, or Southern CA). He said, "The trouble is that all these billionaires mean that us millionaires never get heard!"
 
People are leaving California because of high cost of living if they have not a good job anymore.
Soon to be retired are leaving California because of high cost of living retired + shoddy cheap construction.

I once was to California and couldn't stand the pollution coming in off the water every morning.
One might not see it as bad now but surely it is still doing the same out at night and in every morning usually?

Think many are perpetual Cruisers just because the cost is ok if you pay the Gratuities at the beginning.

Everyone know why people are leaving Colorado and it's not the Broncos, it's putting chains on in the snow.
People are leaving Indiana because they can't buy pot, same for all those states.
People are leaving Illinois because a Gestapo state with High Taxes and poor roads plus the endless crooks of the Chicago area.
 
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Lethe200 said:
Just another fluff headline. Means very little.

#1: Don't confuse the federal deficit with personal indebtedness. They are two entirely different things. No one is ever going to demand you or your grandchildren "pay off" the national debt. The numbers to pay attention to are GDP, per capita income, unemployment, and inflation. That is what matters to a country's economy vs the rest of the world.

#2: State debt should also be weighed against state social services. Many states have very poor social services to help children, disabled, and the elderly. Many people don't realize that CA places most of its income tax burden on the upper 2%. No one would ever believe LeBron James likes paying CA income tax compared to Ohio taxes, but his wife and kids adore CA and that's why he lives here....along with a lot of other billionaires.

#3: It also is not well-known that in tracking the inflow vs outflow of residents, the median income of those coming into CA is sizably higher than the median income of those leaving CA. People leaving - <$75K/yr income. People arriving - >$105K/yr income.

It was turned a satirical meme, but happens to be actually true, that residents of one city in the San Francisco Peninsula made a statement at a local public hearing that instantly went viral (there are over 100 individual cities in just the San Francisco Bay Area, which does not include the cities in the rural northern Redwood region, the state capitol and its suburbs, the Wine Country, nor the Central Coast, Central Valley, or Southern CA). He said, "The trouble is that all these billionaires mean that us millionaires never get heard!"
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But Calif wastes a lot of money as well, such as redundant social programs that target identical demographics, and redundant free home improvement, repair, and appliance programs.

Californians pay double and even triple into programs that offer identical services. Plus, their easy-on-criminals laws actually perpetuate the need for these programs. It's really very ridiculous.
 
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