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24/7 Wall St.: The Best- and Worst-Run States in America

Worst-Run States

5. New Jersey
Debt per capita: $6,944 (5th highest)
Budget deficit: 38.2% (4th largest)
Unemployment: 9.3% (14th highest)
Median household income: $67,458 (3rd highest)
Pct. below poverty line: 10.4% (3rd lowest)

Between 2010 and 2011, New Jersey’s GDP contracted by 0.5%, more than all but three other states. The state’s median household income and poverty rate were both third best in the nation. On the other hand, the state’s tax burden on its residents was second highest in the U.S. in 2010. Residents paid 12.4% of their income in state and local taxes, higher than any other state except New York. The state has many budget problems, as well. New Jersey’s debt as a percentage of revenue was 91.6%, the fifth-highest of all states.

(AP Photo/ Mel Evans)

More From 24/7 Wall St.:
Interactive Tool of All 50 States
States with the Most Unemployment Insurance Losses
The 12 Companies Paying Americans the Least



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

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