How well run are America’s fifty states? 24/7 Wall St.
has taken several months to consider that question. Their writers looked at hundreds of data sets ranging from debt rating agency reports to violent crime rates
, unemployment trends and median income. Of those, they chose what they considered to be the 10 most important ranking of financial and overall government management. The standing of each state is supported by their ranking in the data sets 24/7 Wall St. considered.
24/7 Wall St. has completed one of the most comprehensive studies of state financial management ever performed by the mainstream media. It is based on evaluation principles used in the award-winning Best Run States In America ratings published by the Financial World Magazine during the 1990s. These studies were used by state governments to evaluate the efficiency of their own operations. The new 24/7 Wall St. study is meant to help businesses and individuals examine state operation with an unbiased eye.
24/7 Wall Street identified surveys with complete data sets for each state. Using this data, their formula ranked each state giving weight to metrics that are most important to prudent governance. In addition to traditional fiscal information, including GDP per capita, debt per capita, and credit ratings
, their analysis also showed the impact of state policies on its residents. Combined, this created a complete picture of the “state of each state.” A fuller accounting of the methodology can be found here
The 24/7 Wall St. State of the States is meant to be an analysis that will refocus the debate on state management and financial operations in a period when the future of all 50 states is at stake, just as the future of the country is uncertain.