Dave Martin, ASSOCIATED PRESS
SALT LAKE CITY — There are 11 danger states investors should avoid because of the high risk of a fiscal tailspin, according to Forbes.
Whether it's buying a house or municipal bond, these states are risky spots because of an upcoming rising tax burden, state finances deterioration and an exodus of employers.
The list included California, Hawaii, Illinois, Kentucky, South Carolina, Maine, Mississippi, Alabama, New Mexico, New York and Ohio. It was created by evaluating two factors: whether it has more takers than makers and a scorecard of state credit-worthiness, according to an analysis done by Conning & Co.
When takers (those who draw money from the government either by being an employee, pensioner or welfare recipient) outnumber providers (those who are gainfully employed in the private sector) taxes get too high. In states where this is a major issue, employers and prosperous individuals leave, making taxpayers who stay all the more burdened.
When considering the credit-worthiness, Conning rated North Dakota as the safest place to lend money and Connecticut as the most dangerous.
- Top 50 companies to work for in Utah
- Clean up your finances by tossing paper,...
- US wealth gap putting the squeeze on state...
- The best (and worst) states when it comes to...
- Dave Ramsey says: Tips for stretching dollars...
- The economy has begun to recover, but mostly...
- 4 financial follies of the millennial generation
- Utah job forecast better than most states
- The economy has begun to recover, but... 24
- US wealth gap putting the squeeze on... 23
- 11 jobs that need women ... and men 15
- Why separate bank accounts might help... 2
- How employers can improve the nation's... 2
- Dave Ramsey says: Tips for stretching... 2
- Roll Call’s 50 richest members of... 1
- Roll Call's 10 'poorest' members of... 1