28. Missouri > Debt per capita: $3,445 (24th highest) > Budget deficit: 8.8% (30th largest) > Unemployment: 6.9% (tied-19th lowest) > Median household income: $45,321 (14th lowest) > Pct. below poverty line: 16.2% (21st highest) Missouri’s finances appear to be in decent shape. The state faced a relatively small deficit in fiscal 2012, and its pension obligations were more than three-quarters funded. The Show-Me State is also one of 13 states with a perfect credit rating from both Standard & Poor’s and Moody’s. Missouri’s GDP growth, however, has lagged that of the U.S. in each of the last four years. The state’s exports were also among the lowest in 2012, at just $2,310 per resident. Possibly as a result of the state’s stagnant economy, Missouri’s revenue per capita was just $6,423, more than $800 per resident less than the national average. The state does well by some economic measures, however. Unemployment rate last year was just 6.9%, versus 8.1% nationally. Just one in every 113 Missouri homes was in foreclosure last year, compared to one of every 72 nationwide Read more: The Best and Worst Run States in America: A Survey of All 50 - 24/7 Wall St. 247wallst/special-report/2013/11/21/the-best-and-worst-run-states-in-america-a-survey-of-all-50-2/#ixzz2lcO5ePpD Follow us: @247wallst on Twitter | 247wallst on Facebook
Posted on: Mon, 25 Nov 2013 01:53:15 +0000
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