Texas is the 3rd Most indebted state, behind California and New

Ai summary💼 Government & Public Debt Metrics• Long-Term Debt: An analysis by the Reason Foundation reveals Texas has the third-largest long-term debt total in the country at $461 billion (comprising bonds, loans, notes, and unfunded retiree obligations).
• Local Debt Per Capita: According to data tracked by the Texas Bond Review Board, Texas' local government debt per capita (~$9,068 per resident) ranks as the third highest among the ten most populous states, trailing only New York and California.
• Overall State & Local Debt: When looking at total cumulative state and local public debt ($550 billion), Texas ranks fourth highest overall in the U.S. and holds the distinction of being the only Republican-led state in the nation's top five.💳 Personal & Household Financial Stress• Debt Growth Rate: Financial metrics point to Texas ranking third in the nation for personal debt growth, with the average resident's total debt increasing by roughly 93% over a 10-year span.
• Credit Delinquencies: Driven by high property taxes and rising insurance costs, Texas households face the third-highest credit card delinquency rate in the country at 14.2%.
• Financial Distress: Consumer health reports from WalletHub show Texas frequently fluctuating between the No. 1 and No. 4 most financially distressed state in the U.S. due to spikes in bankruptcy filings and high volumes of residents seeking de

MissAmericanPie :
I was surprised to see this. I did not realize we were that close to the bottom.

Donnawisdom :
I know! Me either! But property taxes and utilities seem to be driving it

MissAmericanPie :
Government operations and services have to be funded. Texas chose the no income tax fund by other means . The nit I pick is that we are right up there twith the states hat provide far better services than we get. Just look at education and publicly financed health services.
BTW, thanks for calling attention to the Reason. They publish a great magazine available free online.

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