Illinois Ranks Near Bottom in 'Rich States, Poor States' List

Date: January 29, 2016 Last Edit: February 03, 2016

“Rich States, Poor States” is a comprehensive study by the American Legislative Exchange Council and examines economic policies of the states to determine which are poised for growth, and which are not. Download a PDF copy here. 

According to the study, they use years of economic data and empirical evidence from each state and identify which policies can lead a state to economic prosperity. They not only identify these policies, but also make research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

Not surprising, Illinois was ranked 40th in the study. Some of the highlights are:

  • Illinois lost 646,867 people from 2004-2013;
  • Illinois ranks dead last in terms of fiscal solvency;
  • Illinois’ pension debt costs every citizen $25,740 every year.

The top five states according to the study are: Utah, North Dakota, Indiana, North Carolina and Arizona.  

The bottom five are: New York, Vermont, Minnesota, Connecticut and New Jersey.

Related Content: Small Business News | Economy | Illinois

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