Study: Half of US states are in serious financial trouble

[jec1ny]

I've suspected something like this for a while, but was focused on around a half dozen states. According to this, the problems are much more widespread. People buying municipals may want to take note.

https://finance.yahoo.com/news/over-hal ... 00264.html

See also this https://youtu.be/MYXMQnJpa_M?si=QIUKaebM8rwVv5OW

[jec1ny]

Here is a link to the full report (pdf)...

https://www.truthinaccounting.org/libra ... s-2024.pdf

[grok87]

Here is a link to the full report (pdf)...

https://www.truthinaccounting.org/libra ... s-2024.pdf

thanks. this looks like an informative document.
FYI there is a typo on page 5 re Georgia. it should read Number 19 not number 219.
cheers,
grok

[bsteiner]

First, states have the power to tax.

Second, unlike a private company whose workforce can shrink or that can fail. a state's workforce is stable and a state won't go out of business. So a less than fully funded retirement plan is less of an issue than in a private company.

[oldcomputerguy]

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