What U.S. states are not in debt?

Asked by: Ellie Denesik  |  Last update: February 9, 2022
Score: 4.3/5 (57 votes)

States with the Least Debt
  1. Texas. Texas has the lowest debt of any state in the U.S. Alaska's total liabilities add up to $222.64 billion, and its total assets add up to $356.01 billion, giving Texas the highest net position in the country of $115.08 billion. ...
  2. Florida. ...
  3. Alaska. ...
  4. North Carolina. ...
  5. Tennessee.

Which state has the least debt?

Mississippi tops the list as the state with the lowest average millennial debt; New York and West Virginia round out the top three.

Which states are in the best financial shape?

Alaska is the top state for fiscal stability. It's followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. Half of the 10 states with the best fiscal stability also rank among the top 10 Best States overall.

Which states are the most broke?

States with the Most Debt
  • New York. New York has the highest debt of any state, with total debt of over $203.77 billion. ...
  • New Jersey. New Jersey has the second-highest amount of debt in the country. ...
  • Illinois. ...
  • Massachusetts. ...
  • 5. California. ...
  • Texas. ...
  • Florida. ...
  • Alaska.

What is the strongest state in the US?

Texas ranked as America's strongest state, achieving averages of 687 pounds for the squat, 438 pounds for the bench press, and 742 pounds for the deadlift.

What Would Happen If USA Stopped Paying Its Debt?

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Which state has the highest debt per capita?

While New York leads the country in terms of per capita government debt, at $18,411 per person, California, the most populous state, has the largest amount of total debt, at $507 billion. Conversely, Wyoming has both the lowest amount of total and per capita debt, at about $2 billion or $3,437 per person.

Is Texas in debt?

As of August 31, 2021 Texas had a total of $63.21 billion in state debt outstanding, including both general obligation and revenue debt. Texas' general obligation debt is rated at Aaa/AAA/AAA/AAA by the credit rating agencies, Moody's Investors Service, Standard & Poor's, Fitch Ratings and Kroll.

What country is in the most debt?

As of December 2019, the nation with the highest debt-to-GDP ratio is Japan, with a ratio of 237%. In 1992, Japans's Nikkei (stock market) crashed.

Can states run a deficit?

Unlike the federal government, states cannot run operating budget deficits. Every state in the union, with the exception of Vermont, has some type of balanced budget requirement—though many states have in the past used gimmicks, such as selling assets and then leasing them back, to circumvent the law.

Is New York in debt?

New York State Ranks Second Highest in Outstanding Debt Nationwide. At the end of State Fiscal Year (SFY) 2019-20, the State reported the following debt levels: $2.1 billion of constitutionally-authorized, voter-approved general obligation debt, a decrease of 22.2 percent since SFY 2015-16.

How is Florida in debt?

Let's Not Forget About Local Government Debt

Florida's local governments are carrying approximately four times the debt of the state. While Florida's total state debt per capita ranks 47th out of the 50 states, Florida per capita local debt ranks 19th.

How much debt is Canada in?

The federal net debt rose by $253.4 billion in 2020 to reach $942.5 billion or 42.7% of GDP, compared with 29.8% in 2019.

Is Hawaii state in debt?

In the fiscal year of 2020, the state debt of Hawaii was about 10.07 billion U.S. dollars. ... By the fiscal year of 2026, Hawaii's state debt is forecasted to be about 11.29 billion U.S. dollars, and the local government debt is forecasted to be about 8.2 billion U.S. dollars.

What is the national debt per person in the United States?

Current. * As of January 31, 2022, the U.S. Treasury's official figure for the debt of the federal government is $30.0 trillion—or more precisely—$30,012,386,059,238. [6] This amounts to: $90,271 for every person living in the U.S.[7]

When was the last time the United States had a balanced budget?

According to the Congressional Budget Office, the United States last had a budget surplus during fiscal year 2001. From fiscal years 2001 to 2009, spending increased by 6.5% of gross domestic product (from 18.2% to 24.7%) while taxes declined by 4.7% of GDP (from 19.5% to 14.8%).

How much is China's debt?

At the end of 2020, China's foreign debt, including U.S. dollar debt, stood at roughly $2.4 trillion. Corporate debt is $27 trillion, while the country's total public debt exceeds 300 percent of GDP.

What is the rudest state in America?

New Jersey has been chosen for the illustrious list of top ten rudest states in American. While that's bad, at least we aren't as rude as Rhode Island–who place first.

What is the cheapest state to live in?

1. Mississippi. The cheapest state to live in in the United States is Mississippi. Overall, Mississippi's average cost of living is about 15% lower than the national average cost of living.

What is the safest state in USA?

The 10 safest states
  1. New Jersey. New Jersey's distinction as the safest state in the U.S. in our rankings is in large part due to its runaway score in the law enforcement officers per capita category, which is over 100% greater than the national average. ...
  2. New Hampshire. ...
  3. Rhode Island. ...
  4. Maine. ...
  5. Vermont. ...
  6. Connecticut. ...
  7. Ohio. ...
  8. New York.

Does Arizona have any debt?

In the fiscal year of 2020, the state debt of Arizona was about 13.59 billion U.S. dollars. In the same year, the local government debt was significantly higher, at 32.27 billion U.S. dollars.