MichiCaliFlAriVada, people. You don't want to live there. Because while the recession has been bad for the United States of America, it's been especially terrible for the united states of Michigan, California, Florida, Arizona and Nevada. In just about every economic category of pain -- home depreciation, credit card debt, unemployment and so on -- those five states, or a handful of them, cluster at the top. Unemployment numbers by state are out again today. Michigan, Nevada and California are three of the top four.
Here are the unemployment and foreclosure maps of the states. See the interactive versions here at CNN.
Florida leads in foreclosures, with the Cali-AriVada corner on its
heals. Michigan leads in unemployment with Cali-Vada in the top four.
The recession within a recession in these states is very real, and
there is no coincidence. State economies that rode the housing bubble
have faced the most dramatic fall after the burst.