Posted on 01/19/2016 6:49:30 PM PST by matt04
A new study shows Connecticut is in the top ten for paycheck-to-paycheck living.
People everywhere have to pay rents or mortgages, groceries and utilities. But those bills vary from state to state. When everything's paid, a study by the website GoBankingRate shows, not a lot is left in Connecticut.
Moving from Maine, Sandra Champlin said she learned quickly that her money doesn't get her as far in Connecticut as it did there.
“Rent is higher in Connecticut,†said Champlin, who now lives in Rockville. She added that rent a few hundred more in Connecticut than Maine.
Champlin said she wasn't surprised to learn that Connecticut is ranked 10th for residents living paycheck-to-paycheck.
The study takes the median income which in Connecticut is just more than $70,000 and then subtracts the housing costs, grocery bills, transportation costs, utility bills and healthcare.
Then, the study balances out to roughly $663 that's left over or a quarter of the average paycheck to spend on anything else.
(Excerpt) Read more at wfsb.com ...
Another state that the liberals have taken over. The results would be easy to predict.
NJ is #7 (worse than CT); we’ve been losing them for years. We still get some fleeing NYC, but not enough to offset the losses.
Simple solution:
Raise taxes right Dan ?
correlates roughly with
http://www.cnbc.com/2016/01/19/heres-your-share-of-state-pension-shortfalls.html
At least here in NJ Christie is adamantly opposed to that; he is fighting a losing battle trying to stop the bleeding, but our downward spiral has slowed a bit.
These areas are screwed because so much of the current revenues are paying government employees who retired decades ago, and little is left for current services or maintenance. While NJ has among the highest property taxes in the nation (75% of which goes to public schools), our infrastructure is falling apart - and there is no money to fix it. Even the school funds primarily go to teachers’ salaries and benefits; the kids use old, beat-up books in old beat-up buildings.
Sow (vote) and ye shall yield?
The article indicates NJ only paid 19% of what was necessary for the pensions; Chris Christie refuses to raise taxes to contribute more (since that would speed up the exodus of American taxpayers and employers from the state). It is impossible to lure businesses from other areas, or encourage start-ups, when savvy businessmen understand they are just buying a share in a massive IOU.
There are, however, quite a few towns in Connecticut that are full of large houses with wealthy families. Greenwich, Farmington, Cheshire, Old Saybrook, places like that.
I know. Another Busway! That will make companies want to bring jobs to CT. Busses!
NJ has some very wealthy areas, too; the financial health of the state is still horrible.
more expensive in ROCKVILLE???
Rockville is known for LOWER rents than surrounding towns!
I know. I once went to a party at a guy’s house, that was in a huge development of $3-5 million homes. It was fabulous, if you have the income to live like that.
1 Hawaii
2 California
3 New York
4 Alaska
5 Florida
6 Nevada
7 New Jersey
8 Rhode Island
9 Massachusetts
10 Connecticut
11 Illinois
12 Mississippi
13 Washington
14 Arizona
15 New Hampshire
16 Maine
17 Oregon
18 Vermont
19 Pennsylvania
20 Michigan
21 Kentucky
22 Louisiana
23 South Carolina
24 Maryland
25 Delaware
26 New Mexico
27 Georgia
28 North Carolina
29 West Virginia
30 Ohio
31 Alabama
32 Indiana
33 Tennessee
34 Wyoming
35 Wisconsin
36 Texas
37 Virginia
38 Colorado
39 South Dakota
40 Oklahoma
41 North Dakota
42 Nebraska
43 Arkansas
44 Kansas
45 Montana
46 Idaho
47 Utah
48 Missouri
49 Iowa
50 Minnesota
Most of the blue states seem to be on the verge of bankruptcy and have a higher degree of corruption. I’d say there is a correlation there.
...while the money goes to old beat-up retirees, eh? /sarc>
No, it seems anything not required for retirees goes to our part-time “teachers”.
I get the sarcasm, but on a serious note an acquaintance that was a town cop retired at 46 - he had 25 years on the job. He will probably collect his pension for 1 1/2 times as long...
They probably do not live on income but on dividends.
Yea! And the State still taxes us to death and this Governor of ours is more than happy to back up Obama and his plans to import more parasites into this State and our Country.
That’s why a lot of corporate interest are leaving here.I would do the same if I could convince the misses.
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