You are using an outdated browser. Please upgrade now to a modern browser in order to benefit of all our site's features: Chrome, FireFox, Opera, Safari or Internet Explorer. [Close]

The Official Blog of Fox News Channel

Are You Living in a "Death Spiral" State ... And If So, What Should You Do About It?

A writer at Forbes Magazine has identified a phenomenon called the “death spiral states.” Sounds intimidating, right? Fox Business Network’s Melissa Francis broke down what you need to know on America Live today.

The category includes 11 states where private sector workers are outnumbered by people who are dependent on the government. That number would include state workers, and people who are receiving welfare or pension. For example, in California the ratio of “takers versus makers” is bigger than one. If you own

a software company that employs 100 people, you’re supporting 139 other people in the state who are on the “takers” list.


Related Links:


Credit worthiness was the second factor worked into this equation. To calculate that, Forbes looked into large debts, uncompetitive business climate, weak home prices and unemployment trends for each state.

So what’s the takeaway? If you live in one of the states on the list, there are things you can do such as rent instead of buy a home.

New Mexico ranked at the bottom of the list, with 153 takers for 100 workers. For the full “death spiral” list, check out the clip below!


Follow Fox News Insider, the official blog of Fox News Channel on Twitter and Google+!


Posted in: 
Leave a Comment0

Today's Front Page Stories

Don't want to keep checking back here for the latest from Fox News? That's cool. We'll come to you ...

Connect with Fox News

Subscribe

Stay connected with the most-trusted name in cable news through exclusive videos, blogs, polls, contests and behind-the-scene details.

Get More Fox!

Greta Is Wired!

GretaWire.com is the official blog of Greta Van Susteren. Get Greta’s breaking news alerts, pictures, videos, polls, and behind-the-scenes exclusives. Plus, speak out on open threads, as well as the live chat page. Connect to the GretaWire community ... and to Greta herself!

Fox News Presents: 'My America with Elisabeth Hasselbeck'

Fox News Channel presents an exciting new feature series, My America with Elisabeth Hasselbeck. From the quirky to the inspirational, "My America" reveals who we are as a nation – driven, passionate and uniquely American. Watch the latest installment, an up-close look at the beloved Oscar Mayer Wienermobile!