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24/7 Wall Street: 15 Worst-Run States in America

5. Nevada

State debt per capita: $1,690 (6th lowest)
Pct. without health insurance: 22.6 percent (2nd highest)
Pct. below poverty line: 13.0 percent (24th lowest)
Unemployment: 13.4 percent (the highest)

Nevada has dropped five places in our rankings. This drop is due primarily to its credit downgrade this year from AA+ to AA. Surprisingly, the state has one of the lowest debts per capita in the country, at just $1,690 per person. However, it has other financial woes that make it a long-term risk. Nevada properties declined 44.5 percent in value between 2006 and 2010, the worst decline in the country. In October alone, one in every 180 homes was foreclosed upon, easily the worst rate in the country. The state also has the second lowest percentage of residents covered by health insurance and the highest unemployment rate in the country.

(AP Photo/Joe Cavaretta)

More From 24/7 Wall Street:
The Most Generous States
Cities Where Violence is Soaring (And Plummeting)
Sodas That Have Lost Their Fizz

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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