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Old 10-05-2015, 09:14 AM
 
Location: CT
720 posts, read 919,936 times
Reputation: 449

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Connecticut, America WSJ article.

"Connecticut has roughly half of what it needs to pay future retirement benefits for its workers, meaning the home to scores of hedge funds and some of the country’s wealthiest towns is wrestling with financial distress rivaling that of Kentucky or Illinois"

Well that certainly is a problem.


Comments are great!
Malloys fault-pretty much.

Last edited by EUPL; 10-05-2015 at 09:25 AM..
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Old 10-05-2015, 09:42 AM
 
Location: USA
2,753 posts, read 3,313,170 times
Reputation: 2192
What a shame. What's worse is that Connecticut's population is dropping compared to Illinois and Kentucky where the population is actually growing. Many of the retirees aren't even staying here. I know far too many of them that are moving to either Florida or the Carolinas. So many in fact, that it's kinda scary. CT is stuck in a bubble.
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Old 10-05-2015, 10:28 AM
 
Location: SW Corner of CT
2,706 posts, read 3,380,359 times
Reputation: 3646
Last I heard, my Pension Fund was in good health
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Old 10-05-2015, 10:45 AM
 
Location: CT
720 posts, read 919,936 times
Reputation: 449
Quote:
Originally Posted by HumpDay View Post
What a shame. What's worse is that Connecticut's population is dropping compared to Illinois and Kentucky where the population is actually growing. Many of the retirees aren't even staying here. I know far too many of them that are moving to either Florida or the Carolinas. So many in fact, that it's kinda scary. CT is stuck in a bubble.

True, every other day I see on FB someone new that moved to FL, SC,NC, TX, GA.
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Old 10-05-2015, 10:55 AM
 
Location: USA
2,753 posts, read 3,313,170 times
Reputation: 2192
Quote:
Originally Posted by EUPL View Post
True, every other day I see on FB someone new that moved to FL, SC,NC, TX, GA.
It's really sad. Nearly 75% of everyone on my street has moved out of the state within the past 5-6 years. We are losing so many good taxpayers while immigrants who are on welfare are moving in.
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Old 10-05-2015, 11:04 AM
 
174 posts, read 172,679 times
Reputation: 180
Quote:
Originally Posted by HumpDay View Post
It's really sad. Nearly 75% of everyone on my street has moved out of the state within the past 5-6 years. We are losing so many good taxpayers while immigrants who are on welfare are moving in.
I don't normally get into these discussions, but wanted to point out how this is inaccurate at best. Senior citizens have been leaving CT for southern states for decades. The term "snowbirds" is not new. And CT's unemployment is about at the national average. The dramatic comments people make on this forum are amazing.
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Old 10-05-2015, 11:26 AM
 
Location: Fairfield County CT
4,454 posts, read 3,349,947 times
Reputation: 2780
Quote:
Originally Posted by NedSage58 View Post
I don't normally get into these discussions, but wanted to point out how this is inaccurate at best. Senior citizens have been leaving CT for southern states for decades. The term "snowbirds" is not new. And CT's unemployment is about at the national average. The dramatic comments people make on this forum are amazing.
I agree with the above. I was also thinking that maybe it seems like a lot of people are leaving is just by virtue of the fact that the baby boomers are now into their retirement years. Of course if more baby boomers are retiring that will ramp up the figures of people leaving the state.
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Old 10-05-2015, 11:45 AM
 
Location: CT
720 posts, read 919,936 times
Reputation: 449
Its not only the baby boomers that are leaving, its people in their twenty's (Millennials) that finish school and want to live in a more exciting place.

Last edited by EUPL; 10-05-2015 at 11:54 AM..
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Old 10-05-2015, 11:59 AM
 
Location: USA
2,753 posts, read 3,313,170 times
Reputation: 2192
Quote:
Originally Posted by NedSage58 View Post
I don't normally get into these discussions, but wanted to point out how this is inaccurate at best. Senior citizens have been leaving CT for southern states for decades. The term "snowbirds" is not new. And CT's unemployment is about at the national average. The dramatic comments people make on this forum are amazing.
But notice how more of them are leaving. Not only that but decades ago when many senior citizens left our population still grew at a healthy rate. Ct's population grew by nearly 150,000 from 2000-2010. From 2010 to 2014 our population barely grew. I believe it was only 17,000 or so. This past year more residents moved out than in. Yes you're right Senior citizens have been leaving CT for decades. Nearly every state in the northeast has, but now we are losing more young families than ever before. People are ditching this state for various reasons.

There weren't as nearly as many people born in the 80's and 90's than the 50's and 60's in CT. The baby boomers are now retiring and moving. Many other states are more attractive towards young people so they simply ditch CT because of COL and better job opportunities. There's a huge gap we can't fill. This generation is no match compared to the baby boom CT once had.

Can you believe from 1950 to 1960, CT's population grew by nearly 600,000? If that happened again this decade we would've hit 4 million by now.
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Old 10-05-2015, 12:00 PM
 
Location: SOB-Charleston.SC
1,220 posts, read 1,424,538 times
Reputation: 466
Quote:
Originally Posted by NedSage58 View Post
I don't normally get into these discussions, but wanted to point out how this is inaccurate at best. Senior citizens have been leaving CT for southern states for decades. The term "snowbirds" is not new. And CT's unemployment is about at the national average. The dramatic comments people make on this forum are amazing.
As population decreases as it has in CT .... unemployment rate should for the short term decrease as well... I personally know 8 families that have moved out so far this year ..6 from Greenwich...1 from Darien... and 1 from Westport.... 3 of whom were retirees....the rest took jobs elsewhere ... leaving jobs to be filled in CT/NY ...( ad hominum I know... but not surprising)

Then again income tax collections in CT have not met expectations so far this year...I wonder why ? (sarcasm )
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