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$73,800 in Colorado and $73,400 in California debt per-capita compared to $33,000 in Arkansas, $34,000 in Kentucky, $35,000 in Oklahoma and $30,000 in West Virginia.
Much easier to weather a recession in a state like Kentucky or West Virginia with a paid-off house, very low property taxes, cars paid off and no student loans.
Compared to Colorado and California where many households that make less than $100,000 live a huge homes with high taxes and two huge car-notes, weddings and other credit card expenses, large family, two huge student loan balances.
This is going be to very, very interesting when the next recession comes and the average Colorado and California residents is under a mountain of many different debts.
Colorado and California have extremely cyclical economies. They tend to have huge peaks and huge valleys. Colorado and California also have huge state and local debts and a mountain of unfunded pension liabilities and invest in very risky items to try to get a return on investment.
A company headquartered in Texas is drilling gas in PA and selling that gas to people in NYC. When you figure out how to fairly allocate federal tax dollars for that economic activity I have hundreds of other examples.
This has nothing to do with the discussion being had and I never claimed I could figure out how to fairly allocate federal tax dollars.
$73,800 in Colorado and $73,400 in California debt per-capita compared to $33,000 in Arkansas, $34,000 in Kentucky, $35,000 in Oklahoma and $30,000 in West Virginia.
Much easier to weather a recession in a state like Kentucky or West Virginia with a paid-off house, very low property taxes, cars paid off and no student loans.
Compared to Colorado and California where many households that make less than $100,000 live a huge homes with high taxes and two huge car-notes, weddings and other credit card expenses, large family, two huge student loan balances.
This is going be to very, very interesting when the next recession comes and the average Colorado and California residents is under a mountain of many different debts.
Colorado and California have extremely cyclical economies. They tend to have huge peaks and huge valleys. Colorado and California also have huge state and local debts and a mountain of unfunded pension liabilities and invest in very risky items to try to get a return on investment.
Quarterly Report on Household debt, Household debt statistics by state
They probably think Bernie will bail them out. Well, maybe Bernie will do just that with the tax dollars from those of us that are living within our means. Ugh!!!!
$73,800 in Colorado and $73,400 in California debt per-capita compared to $33,000 in Arkansas, $34,000 in Kentucky, $35,000 in Oklahoma and $30,000 in West Virginia.
Much easier to weather a recession in a state like Kentucky or West Virginia with a paid-off house, very low property taxes, cars paid off and no student loans.
Compared to Colorado and California where many households that make less than $100,000 live a huge homes with high taxes and two huge car-notes, weddings and other credit card expenses, large family, two huge student loan balances.
This is going be to very, very interesting when the next recession comes and the average Colorado and California residents is under a mountain of many different debts.
Colorado and California have extremely cyclical economies. They tend to have huge peaks and huge valleys. Colorado and California also have huge state and local debts and a mountain of unfunded pension liabilities and invest in very risky items to try to get a return on investment.
Demonstrably incorrect - never mind that the OP is about consumer debt, nothing at all to do with government.
...In January 2017, the California Legislative Analyst’s Office said by several measures California is, indeed, a donor state, but just barely. It receives $0.99 in federal expenditures per dollar of taxes paid, which is below the national average return for states of $1.22 per dollar paid, according to its review of a 2015 New York Comptroller study.
That study ranked California 42nd among the fifty states and the District of Columbia for the amount of federal per capita expenditure ($9,172)...
You are citing stats based on raw numbers, I'm pointing out why you can;t do that so you don't make the same mistake in the future.
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