2. Rhode Island Debt per capita
: $9,018 (3rd highest) Budget deficit
: 13.4% (28th largest) Unemployment
: 11.3% (3rd highest) Median household income
: $53,636 (17th highest) Pct. below poverty line
: 14.7% (24th lowest)
Rhode Island’s finances were a mess in fiscal 2010. The state had $9.5 billion in unpaid debts, which came to 107.2% of that year’s revenues.At more than $9,000 per person, it’s one of the largest debt burdens in the country. The state also funded less than half of its pension obligations, worse than all states except for Illinois. In 2010, in a spectacular example of fiscal mismanagement, the state guaranteed a $75 million loan to a video game company, which has since defaulted. With one of the nation’s slowest growth rates and the third-highest unemployment rate in the U.S., at 11.3%, Rhode Island’s economy performed poorly overall.
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: 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.