Bigger Fatter Politics is a fact based news source for all things fat and political. We present news and politics from a fat centric and food centric perspective.
Wednesday, October 15, 2014
Richest States vs Poorest States
It comes as no surprise that the poorest states in the union are Republican dominated and wealthiest states are dominated by liberal Democrats. There is an old saying.... "If you want to live like a Republican vote for a Democrat. To any degenerate Bible thumpin cousin humpin tea bagging Obama hating chicken hawk traitor reading this... ENJOY YOUR FACT ENEMA!
While Minnesota is the ninth-richest state in the U.S., just 4.9% of households earned more than $200,000 annually, roughly in line with the percentage nationally. Minnesota’s income distristribution was less skewed towards the wealthy than that of most states. Its Gini coefficient was lower than that of 39 other states last year. The percentage of residents without health care was 8.2% last year and also among the lowest. However, the state’s insurance exchange, set up under the Affordable Care Act, has been rife with problems, including software glitches during the exchange’s rollout and the recent withdrawal of its most popular, and lowest-cost, insurers.
The current holder of the office is Terry McAuliffe, who was sworn in on January 11, 2014. His term will expire on January 13, 2018. McAuliffe is a member of the Democratic Party
Nearly 8% of Virginia households earned more than $200,000 last year, more than in all but a handful of states. Like many wealthy states, Virginia residents’ incomes remained effectively unchanged last year compared to 2012. Like a number of wealthy states, Virginia’s unemployment rate of just 5.5% last year was much lower than the national rate of 7.4%. Vermont was also home to a large number of particularly wealthy households. Last year, 7.8% of all households in the state earned $200,000 or more, the fifth-highest rate in the nation.
7. New Hampshire > Median household income: $64,230 > Population: 1,323,459 (9th smallest) > Unemployment rate: 5.3% (10th lowest) > Pct. Below poverty line: 8.7% (the lowest)
New Hampshire’s household median income in 2013 remained unchanged from 2012, reflecting little improvement in the residents’ standard of living. In other areas, however, New Hampshire’s economy showed improvement. Only 8.7% of the state’s roughly 1.3 million people lived below the poverty line in 2013, the lowest proportion in the country and down from 10% in 2012. High median incomes and a low poverty rate demonstrate how New Hampshire has one of the most equitable income distributions in the country. High median incomes likely also drove up home values. The median home value of $233,300 last year was among the higher levels nationwide. Just 10.7% of residents did not have health insurance in 2013, one of the lower rates in the country.
Massachusetts is one of the wealthiest states in the U.S. and also among the nation’s most unequal. While 8.3% of state households had an income of $200,000 or more in 2013, the fourth highest percentage in the nation, 6.5% of households earned less than $10,000 last year, higher than in most of the other wealthiest states. Additionally, 12.9% of households relied on food stamp benefits last year, also higher than in most of the richest states. This figure is up considerably from 2009, when 9.4% of households relied on food stamps. On the other hand, perhaps no state, no state has a stronger track record of providing health coverage to residents than Massachusetts. Just 3.7% of the population was uninsured last year, the lowest rate nationwide.
The Governor of the Commonwealth of Massachusetts is the executive magistrate of the Commonwealth of Massachusetts, United States. The current Governor is DemocratDeval Patrick. The next election will be in 2014, which will select a new governor as the incumbent Deval Patrick has stated that he will not seek re-election after his current term.
Connecticut is both one of the richest and most unequal states. The state is often depicted in the media as the posterchildfor America’s growing inequality. Connecticut’s Gini coefficient of 0.499 was the second most highest in the nation. A typical household earned roughly $67,000 last year and nearly one in 10 earned more than $200,000 in 2013, second only to New Jersey. Yet, unlike many of the richest states, theunemploymentrate in Connecticut was above the U.S. rate and only changed slightly from the year prior. Connecticut is also home to a disproportionate amount of financiers. Roughly 9% of employed workers were categorized as working in finance, insurance or real estate by the Census Bureau, the second highest among all states.
In addition to paradisal scenery and tropical weather, Hawaii residents are also among the nation’s wealthiest. A typical household earned more than $68,000 last year, considerably higher than the national household median income of $52,250. High incomes, as well as Hawaii’s own requirements for employers to provide workers with health coverage, have made health insurance more accessible in the state. Only 6.7% of residents did not have health insurance in 2013, less than half the national proportion of 14.5%. The cost of living in Hawaii, however, was higher than in every other state last year, most because many goods need to be shipped from the mainland.
3. New Jersey > Median household income: $70,165 > Population: 8,899,339 (11th largest) > Unemployment rate: 8.2% (10th highest) > Pct. Below poverty line: 11.4% (8th lowest)
Offering easy commuting access to New York from the northern part of the state and to Philadelphia from the south, New Jersey households had the third highest median income in the country last year at $70,165. Additionally, nearly 10% of households had incomes of $200,000 or more , the highest rate in the country. In the midst of high incomes, however, there is also poverty. More than 11% of New Jersey residents lived in poverty in 2013, an increase from the year before. The portion of residents without health insurance also rose 0.5 percentage points between 2012 and 2013, one of the larger increases in the nation.
The Governor of New Jersey is Republican Chris Christie and we all know that he is a criminal
2. Alaska (Alaska is really and outlier because it has less than a million people and have more natural resources than any state) > Median household income: $72,237 > Population: 735,132 (4th smallest) > Unemployment rate: 6.5% (18th lowest) > Pct. Below poverty line: 9.3% (2nd lowest)
While Alaskans were among the nation’s wealthiest as of last year, 18.5% of state residents didn’t have health insurance last year, one of the highest rates in the nation. Every other wealthy state, by contrast, had exceptionally low proportions of residents without health insurance. It remains to be seen whether the Affordable Care Act will improve health coverage in the state. Otherwise, Alaskans seem to be very well off. Fewer than one in 10 residents lived below the poverty line last year, lower than in every state except for New Hampshire. Income is also distributed relatively evenly across the state’s 735,132 residents. The state’s Gini coefficient was the lowest in the country last year.
Maryland is the wealthiest state in the nation. The median household income was $72,483 in 2013, more than $20,000 higher than the national median income of $52,250. Additionally, few states had a higher proportion of high income households than Maryland, where 8.9% earned $200,000 or more in 2013. The state also had among the lowest poverty rates in the nation last year at just over 10% of the population. But despite their relative affluence, Maryland households have not been immune to the struggles most Americans have faced in recent years. From 2009 to 2013, the state’s poverty rate and the percentage of households on foodstamps rose, while the inflation-adjusted median household income fell.