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