The Miserable State of MichiCaliFlArivada

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.

Presented by

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

The Blacksmith: A Short Film About Art Forged From Metal

"I'm exploiting the maximum of what you can ask a piece of metal to do."

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

Riding Unicycles in a Cave

"If you fall down and break your leg, there's no way out."

Video

Carrot: A Pitch-Perfect Satire of Tech

"It's not just a vegetable. It's what a vegetable should be."

Video

An Ingenious 360-Degree Time-Lapse

Watch the world become a cartoonishly small playground

Video

The Benefits of Living Alone on a Mountain

"You really have to love solitary time by yourself."

Video

The Rise of the Cat Tattoo

How a Brooklyn tattoo artist popularized the "cattoo"

More in Business

Just In