RKMBs Forums .::Important::. Politics and Current Events U.S. states with most and least debt

STATES WITH THE MOST AND LEAST AMOUNT OF DEBT



Much of it is no surprise. States like California, Oregon, Nevada, Michigan, Illinois, New York and New Jersey are among those with the highest debt.

A few surprises: Alabama and Alaska. Alaska I kind of understand because everything has to be imported there from the lower 48.

And ranked from most debt to least debt.

http://www.thestatesproject.org/state-debt/

The order changes somewhat when looking at PERSONAL debt, vs. STATE debt.

https://smartasset.com/credit-cards/states-with-the-most-debt


As one would expect, California has the highest personal debt. A very high cost of living, combined with not enough high-paying jobs. That's why 200,000 middle/upper class residents flee the state every year. Because they are overtaxed to pay for services to the poor, and to illegal immigrants. They vote with their feet against CA state taxes, and the way it is spent, by leaving for other states.