Hey, it beats ranking 48th!

Posted on October 6, 2010. Filed under: Uncategorized |

Well, it’s nice not to be last!

Advisory Council member Todd Shelansky (over at Farmington’s Harper & Whitfield, P.C.) shared this link with me. And since Connecticut didn’t do half bad, I thought it would be a sunnier resource than normal!

247wallstreet.com did a really comprehensive comparison of all 50 states to come up with “The Best and Worst Run States.”

To come up with the rankings, the methodology indicates a whole host of stats including state credit ratings, violent crime, unemployment, GDP per capita, percent below the poverty line, high school completion for those 25 and older, median household income, debt per capita, percent of the population without health insurance, and the change in occupied home values from 2006 to 2009.

Wyoming came in leading the pack, with Kentucky taking the dubious crown of worst-run state in the nation. California just edged them out, landing in 49th place… so I expected another survey finding us hanging out with them.

So it was nice to see Connecticut coming in… 20th!

Here’s what the folks over at 24/7 Wall St had to say about us:

Debt per Capita: $10,457 (46th)
Unemployment Rate: 9.1% (30th)
Home Price Change (’06 – ’09): -2.6% (40th)
Median Household Income: $67,034 (3rd)
“Connecticut, often noted as a state with many affluent communities, excels in a number of areas related to wealth.  The state has the fourth smallest population below the poverty line and ranks third for highest median household income.  However, they rank 46th in debt per capita, at $10,457.”

You can read the article here – it’s an interesting piece.

One comment in the early part of the article really struck me, though. While pontificating on how difficult it can be to compare 50 states, with everything from large numbers of immigrants, rural vs. urban states, states that have lost and gained thousands, the writers stated that it is still possible. Because…

“Well-run states have a great deal in common with well-run corporations. Books are kept balanced. Investment is prudent. Debt is sustainable. Innovation is prized. Workers are well-chosen and well-trained. Executives are picked based on merit and not ‘politics.'”

Idealistic, certainly. But it makes a lot of sense! Will we ever get back to that?

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