Quantcast

Do you live in a death spiral state?

Published: Wednesday, Sept. 2 2015 4:01 p.m. MDT

Nov. 2012 Senate Majority Leader Harry Reid of Nev., left, with House Speaker John Boehner of Ohio looking on, speaking to reporters outside the White House in Washington following a meeting with President Barack Obama to discuss the economy and the deficit. Some states are more susceptible to a death spiral because of its debt load. (Jacquelyn Martin, Associated Press) Nov. 2012 Senate Majority Leader Harry Reid of Nev., left, with House Speaker John Boehner of Ohio looking on, speaking to reporters outside the White House in Washington following a meeting with President Barack Obama to discuss the economy and the deficit. Some states are more susceptible to a death spiral because of its debt load. (Jacquelyn Martin, Associated Press)

Our take: Planning on moving? Do you have holdings in various states? William Baldwin, from Forbes, highlights the "sick states" to watch out for and states that will most likely cut you short of your investments:

"Thinking about buying a house? Or a municipal bond? Be careful where you put your capital. Don't put it in a state at high risk of a fiscal tailspin.

Eleven states make our list of danger spots for investors. They can look forward to a rising tax burden, deteriorating state finances and an exodus of employers. The list includes California, New York, Illinois and Ohio, along with some smaller states like New Mexico and Hawaii."

Copyright 2015, Deseret News Publishing Company