debt by state per capita

California ranked 43rd, with a taxpayer burde… This is the most recent list of Australian states and territories by gross state product (GSP) and GSP per capita. Hawaii: $74,230 3. The table below presents the total state debt as well as debt per capita for each state in 2015. Click on any of the links below to learn more about these conflicts and state budget processes. Japan (Source: CIA Factbook) Japan has the dubious distinction of coming in first on our list. 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Summary. Click on the arrow in the upper righthand corner of the table to view debt figures for more states. The Five States with the Highest Debt per Capita. In 2018, the states with the least debt per capita were: Tennessee ($929 per capita) Nebraska ($1,068) Nevada ($1,135) Georgia ($1,266) Florida ($1,299). Real. The 5 worst states for credit card debt per capita are: Alaska: $3,920 with a delinquency rate of 5.36%; New Jersey: $3,620 with a delinquency rate of 7.7%; Hawaii: $3,460 with a delinquency rate of 6.97% Before the 2008 financial crisis, Ireland’s debt per capita was significantly lower than the EU average, at just €10,715 in 2007, compared with an EU average of €15,063. This information comes from the United States Census Bureau, a report produced by State Budget Solutions (SBS) focusing on state and local government budgets, and a report by Truth in Accounting focusing on debt per capita. The figures below are listed by source with the most recent data appearing first. States in blue have a higher burden, while states in lighter blue or gray have a lower burden or a surplus.[3]. To figure a state’s taxpayer burden or surplus, TIA looked at a state’s total reported assets minus capital assets and assets restricted by law (buildings, roads, land, etc.) ... Debt per capita: $4,918.44; Landfill trash per capita: 52.4 tons; Click on the arrow in the upper righthand corner of the table to view debt figures for more states. Australia – Total debt: $1,563,330,000,000. Tennessee has the lowest ranking with a debt of $925 per capita, and Massachusettes has the highest at $11,309. The combined debt of all states totaled more than $4 trillion for fiscal year 2011, according to data compiled by State Budget Solutions. (AP) The high credit debts of the Alaskans is contributed by the economic situation in the state and seasonal job… It does not include any debt from local governments in the states, the federal government, or unfunded pension liabilities and unemployment trust fund loans. Interesting observations about Economy > Debt > External > Per capita Factoid #231 In 2013, over half the Mexican population lived below the poverty line. On average it takes an Alaskan 20 months and a total of $992 in interest to clear their average card debt of almost $7,552. While the nation’s capital is the most educated metropolitan area in the country, it also suffers from $13,320 in student debt per capita. Six of the 10 states with the most student debt per capita also ranked in the top-10 states on the percent of residents with at least a bachelor’s degree: the District of Columbia, Massachusetts, Colorado, Maryland, New Jersey, and New York. Net debt per capita is the total debt held by a government per resident of the country. About 72% of per capita debt in the Bay State is mortgage debt. Throughout the 2017 state legislative season, Ballotpedia tracked 10 state governments whose budget processes involved conflict or had the potential to result in a partial government shutdown or spending cuts to government services. A state government trifecta is a term used to describe single-party government—when one political party controls the legislative and executive branches of a state's government. Click here to contact us for media inquiries, and please donate here to support our continued expansion. On average Massachusetts residents earn about $32,352 per year and have about $59,820 in debt per capita. The tables below give the outstanding state debt for each of the 50 states as of 2015. Washington state ranks sixth in nation for per capita state debt. These tables show the per capita student loan debt by state for the top- and bottom 10 states. [4] Click on the arrow in the upper righthand corner of the table to view debt figures for more states. States with the highest amount of state and local debt per capita in the 2012 fiscal year (the most recent data available from the Census Bureau) were New York ($17,405 per person), Massachusetts ($14,517 per person), Alaska ($13,066 per person), Connecticut ($11, 928 per person), and New Jersey ($11,623 per … The states with lowest bankruptcy rates were Alaska, with 56 per 100,000 residents, followed by North Dakota, Vermont, Hawaii and Texas. New York City’s debt per capita is $13,800 based on 8.623 million people. In a report released in September 2017 by the nonprofit Truth in Accounting (TIA), states were ranked by taxpayer burden, a term that reflects "the amount each taxpayer would have to send to their state's treasury in order for the state to be debt-free" as of 2016. This week's Monday Map takes a look at the total state debt per capita in each state at the end of the 2011 fiscal year. Debt (Billions): $18.36 Debt Per Person ($): $2,737.92 2019 Gross Debt/GDP (%): 68.31 Click to continue reading and see the 20 countries with the most debt per capita and the highest debt … Compare and rank State, Local Government Spending, Debt by state; from US Census Bureau. The United States Bureau of Economic Analysis (BEA) defines GDP by state as "the sum of value added from all industries in the state." This compares to a statewide average of $10,959. The income per capita rating is ninth in the world and the country comes in as number two for having the highest human development index, globally. Nineteen states were above this per-capita average, with 31 states below. That works out to a debt-to-income ratio of 1.84. State Debt Per Capita. The data for this visualization comes from the New York Fed. New York has the highest debt of any state, with total debt of over $203.77 billion. States were ranked according to debt load per capita (per individual); the study also assessed credit card delinquency rate by state. External Relations: Alison Prange • Sara Key • Kari Berger More than half of respondents have credit card debt, including 6 percent who owe more than $10,000. 1. Economic indicators. Looking at just state annual financial statements, the group found Connecticut has the highest debt per capita, at $5,402, and nine states have debt of more than $3,000 per capita. State-Level Debt-to-Income Ratio, 1999 - 2020 These maps illustrate the evolution of the median household debt-to-income ratio by state over time. For our viz we use a radial chart comparing the overall total debt level for each state, with the totals broken down by subcategory. In the table below, negative figures represent a taxpayer burden, while positive figures represent a taxpayer surplus. Click here to contact our editorial staff, and click here to report an error. Banking Applications & Legal Developments, Financial Market Utilities & Infrastructures. Washington DC: $88,450 2. It is important to note that these figures reflect various sources with different methodologies. Of the 21 percent of respondents who have medical debt, many owe less than $500, and only 4 percent owe $5,000 to $10,000. Australia is number thirteen in countries that have the most debt, and also ranks the same place as having the 13th largest economy. The mortgage information we used is from Q4 2018. The Alaskan residents lead in credit card debts due to their inability to settle outstanding debts as promptly as other states. The tables below give the outstanding state debt for each of the 50 states as of 2015. saw its net debt-to-GDP ratio rise from 12 per cent to about 15 per cent while P.E.I.’s grew from 29 per cent to about 33 per cent. 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Debt is broken into auto, credit card, mortgage, student and other debt. B.C. This amount was then divided by the number of individual tax returns with a positive tax liability, thus expressing the total state surplus or burden on a per-taxpayer basis. Click on the map to enlarge it. Total state and local government debt per capita by state listed in the next tables. These states included three states with Democratic state government trifectas, one state with a Republican trifecta, and six states with divided governments. The table below lists the taxpayer burden or taxpayer surplus in the states from 2009 to 2016. By Dori Monson Show January 24, 2019 at 8:32 am. Share . A growing burden. (function() { 'use strict'; window.addEventListener('message', function(event) { if (typeof event.data['datawrapper-height'] !== 'undefined') { for (var chartId in event.data['datawrapper-height']) { var iframe = document.getElementById('datawrapper-chart-' + chartId) || document.querySelector("iframe[src*='" + chartId + "']"); if (!iframe) { continue; } iframe.style.height = event.data['datawrapper-height'][chartId] + 'px'; } } });})(); The table below presents the total state debt as well as debt per capita for each state in 2014. Iowa’s average debt of about $33,600 per person fits right in the middle of the pack for the amount of debt per state. The country’s GDP is the third highest in the world, so business does seem to be booming there. Per capita student debt levels, by state U.S. 2019 Total student loans provided in the U.S. 1999-2020 Share of student loans provided in the U.S., by source 1999-2020 US Spending . These maps illustrate the evolution of the median household debt-to-income ratio by state over time. (function() { 'use strict'; window.addEventListener('message', function(event) { if (typeof event.data['datawrapper-height'] !== 'undefined') { for (var chartId in event.data['datawrapper-height']) { var iframe = document.getElementById('datawrapper-chart-' + chartId) || document.querySelector("iframe[src*='" + chartId + "']"); if (!iframe) { continue; } iframe.style.height = event.data['datawrapper-height'][chartId] + 'px'; } } });})(); The table below presents the total state debt as well as debt per capita for each state in 2012. Information on debt per capita was not directly available from the census, and was calculated using the census figures for state debt and population. To access the complete TIA report, click here.[1][2][3]. Click on the arrow in the upper righthand corner of the table to view debt figures for more states. The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. disputes, lawsuits, and recounts, Submit a photo, survey, video, conversation, or bio. Ballotpedia features 321,266 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. Also included are the GSP and population growth tables as well as a comparison table showing the surplus/deficit between state final demand (SFD) and GSP for the same financial year.All the data was taken from the Australian Bureau of Statistics website. (function() { 'use strict'; window.addEventListener('message', function(event) { if (typeof event.data['datawrapper-height'] !== 'undefined') { for (var chartId in event.data['datawrapper-height']) { var iframe = document.getElementById('datawrapper-chart-' + chartId) || document.querySelector("iframe[src*='" + chartId + "']"); if (!iframe) { continue; } iframe.style.height = event.data['datawrapper-height'][chartId] + 'px'; } } });})(); if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; Communications: Kristen Vonasek • Kayla Harris • Megan Brown • Mary Dunne • Sarah Groat • Heidi Jung To access the complete SBS report, including methodology details, click here. If the difference between available assets and total bills was positive, TIA called this a taxpayer surplus; if it was negative, this was a taxpayer burden. The 2017 state legislative sessions began with six Democratic trifectas, 25 Republican trifectas, and 19 states under divided government. From the amount of trash to the level of debt, this is the most reckless state in America, according to data. The census figures reflect only the outstanding debt per state according to the census. View previous maps here. US Deficit. Net debt per capita is not an actual economic indicator Economic Indicators An economic indicator is a metric used to assess, measure, and evaluate the overall state of health of the macroeconomy. Map; Table; 1999 2019 PLAY. Washington D.C. has a mortgage debt per capita worth four times more than the mortgage debt per capita of West Virginia. Within New York State, much of the local debt is from New York City, which began the year with $119 billion in debt outstanding. As for credit card debt, the average U.S. household carries $5,700 from month to month, but that includes households that carry zero debt. However, as a share of GDP, Newfoundland and Labrador now has the worse net debt position, with its net debt-to-GDP ratio rising from 35 per cent to approximately 46 per cent—the highest of the 10 provinces. Once again, like other states, the majority of that debt is mortgage debt. Total US government estimated spending for 2021 is $8.16 trillion, including a budgeted $4.83 trillion federal, a “guesstimated” $2.03 trillion state… 13. The Washington State Capitol Building in Olympia. The 46-55 age cohort had the greatest increase in delinquency at 13% year over year, reaching a rate of 1.08%. Download data. Recent statistics indicate that Alaskans are the most indebted people in the US. This information comes from the United States Census Bureau, a report produced by State Budget Solutions (SBS) focusing on state and local government budgets, and a report by Truth in Accounting focusing on debt per capita. At approximately 147% above than the national average of $5,390, Washington D.C.’s debt burden per capita is almost double that of the state in second place. US Debt. (Reporting by Lisa Lambert; Editing by Dan Grebler) Colorado: $73,890 4. Credit Card Debt Statistics By State. The average per capita debt across all 50 states in 2018 was $3,600. As of September 2016, State Budget Solutions had been absorbed by the, State spending by function as a percent of total expenditures, Federal outlays to state government (2014-2017), State tax revenue projections and shortfalls (2020-2021), Proportion of state government general revenues from the federal government (2014-2018), State unfunded public pension liabilities, 2003-2018, https://ballotpedia.org/wiki/index.php?title=State_debt&oldid=8098592, Tracking election The map below the table presents the same information. The unemployment rate is encouraging at just 2.2%. In a report released in September 2017 by the nonprofit Truth in Accounting (TIA), states were ranked by taxpayer burden, a term that reflects "the amount each taxpayer would have to send to their state's treasury in order for the state to be debt-free" as of 2016. to calculate “available assets,” which were then compared to the amount of money the state owes in bills, including retirement obligations such as pension plans and healthcare benefits for retirees. In 2000, average state debt per capita was $1,942. SBS debt figures were calculated "based on figures from each state's respective fiscal year 2012 comprehensive annual financial report." The delinquency level for debt excluding mortgages was 10.6% higher on an annual basis, although the per capita non-mortgage debt actually fell by 3% to $23,035. Net debt per capita is a relatively simple calculation to perform. US Per Capita Government Spending.

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