The Miserable State of MichiCaliFlArivada

More

Here's a gallows humor game. A state-by-state report of economic pain (unemployment, credit card debt, foreclosure rate, etc) comes out, and you're looking to make some lunch money. Turn to your colleague, and say: "Before even looking at what this report measures, I will guess at least three of the top five worst states in the category." Impossible right? Out of 50? Without even knowing the statistic? Wrong. Just say: California, Florida, Michigan, Nevada, Arizona. It's that easy.

For example: Today's foreclosure rate survey is out, and - surprise!- the top four states are all in that Unfab Five.


In order, they are: Nevada, Arizona, Florida and California. Not surprising, since the worst metro areas for homes losing value are: Phoenix, Las Vegas, San Francisco, Miami and Detroit (Unfab Five representing to the max!). Other unfortunate categories are similarly held down by these states. As of June, California and Florida 8 of the top 10 worst cities for credit card debt, Nevada had the worst drop in home prices, Arizona had the worst drop in unemployment and Michigan remains the overall jobless leader with a 14 percent unemployment rate. There it is. Michicaliflarivada. Not expialidocious, in the slightest.

Jump to comments
Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

Get Today's Top Stories in Your Inbox (preview)

Why Did I Study Physics?

In this hand-drawn animation, a college graduate explains why she chose her major—and what it taught her about herself.


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Why Did I Study Physics?

Using hand-drawn cartoons to explain an academic passion

Video

What If Emoji Lived Among Us?

A whimsical ad imagines what life would be like if emoji were real.

Video

Living Alone on a Sailboat

"If you think I'm a dirtbag, then you don't understand the lifestyle."

Video

How Is Social Media Changing Journalism?

How new platforms are transforming radio, TV, print, and digital

Video

The Place Where Silent Movies Sing

How an antique, wind-powered pipe organ brings films to life

Feature

The Future of Iced Coffee

Are artisan businesses like Blue Bottle doomed to fail when they go mainstream?

Writers

Up
Down

More in Business

Just In