New York is One of Three States in the “Danger Zone”

It is a record New York might not be so proud of setting – record debt.

An independent watchdog group says the state's debt will hit 49.7 billion dollars this year. That is enough to make it one of three states, including Massachusetts and New Jersey, listed as in the danger zone, because the state will not be able to pay it back.

What does it mean for you? The state debt averages 3,515 dollars per person.

It is even worse in Massachusetts, where the debt averages almost five-grand per person.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s