Study shows bankruptcy in Utah

[BYU71]

Originally Posted by Indy Coug

That's not my department. Take it up with someone else. :-P

I thought you, Lingo and Tex were the designated "defenders of the faith" on this site.

[Indy Coug]

I figure with all the stuff Jesus and Joseph Smith had to go through, obviously God will allow faithful members to go through things like financial trouble too.

[YOhio]

Originally Posted by SeattleUte

You know, I visit the Central District and other traditionally downtrodden areas of Seattle not infrequently and I don't get the same feeling of dead end quality that I get in similar areas in Salt Lake. For one thing, often there is a high degree of cultural diversity and energy, even exoticism, including a fairly high immigrant population.

Have you spent much time in the midwest? Areas in Dayton, Akron, Toledo, Fort Wayne, Cleveland, Cincinnati, Louisville, Gary, and throughout make Utah look like the land of opportunity.

[BlueK]

Originally Posted by Indy Coug

Is there a good study somewhere that shows median per capita income, adjusted for cost of living by state?

I don't know. Utah isn't a rich state by any means but it's certainly not Mississippi or Arkansas.

[Indy Coug]

Originally Posted by BlueK

I don't know. Utah isn't a rich state by any means but it's certainly not Mississippi or Arkansas.

Which is why they are higher than Utah in per capita bankruptcy filings.

http://www.statemaster.com/graph/eco...ngs-per-capita

[FMCoug]

Originally Posted by BYU71

I don't know what causes the excessive bankruptcies here, but poor isn't the reason.

All I know is that the job market / salaries in Utah are way out of line with the cost of living. Primarily caused by people not wanting to leave "zion" IMO. In my field, I would guess the normal salary for a similar position is maybe 70% of what it is here in Texas. And the cost of living here is lower.

That HAS to be at least part of the cause.

[BlueK]

Originally Posted by FMCoug

All I know is that the job market / salaries in Utah are way out of line with the cost of living. Primarily caused by people not wanting to leave "zion" IMO. In my field, I would guess the normal salary for a similar position is maybe 70% of what it is here in Texas. And the cost of living here is lower.

That HAS to be at least part of the cause.

I don't remember who the poster on CB was who found a real estate site and put in the price his house in Utah was worth to see what would come up in Texas. Needless to say he found a much nicer house than what he had in Utah. Then of course came the predictable responses about property taxes being so bad in Texas. They don't know what they're talking about. I don't know anyone who moved from Utah to Texas since I've been here who didn't make a move upward on the standard of living scale.

[SeattleUte]

Originally Posted by YOhio

Have you spent much time in the midwest? Areas in Dayton, Akron, Toledo, Fort Wayne, Cleveland, Cincinnati, Louisville, Gary, and throughout make Utah look like the land of opportunity.

Yes, I've seen those places many times. In the worst areas in those places I bet the bankruptcy rate is high and if not it's just because people aren't even responsible enough to file for bankruptcy or get credit in the first place. The worst I've ever seen is northwest LA, near the Arkansas border not all that far from where Bill Clinton grew up in a single parent household.

[BYU71]

Originally Posted by FMCoug

All I know is that the job market / salaries in Utah are way out of line with the cost of living. Primarily caused by people not wanting to leave "zion" IMO. In my field, I would guess the normal salary for a similar position is maybe 70% of what it is here in Texas. And the cost of living here is lower.

That HAS to be at least part of the cause.

Except for the study says the average is the same for the non "I want to live in Zion" folks.

There is something in the state whether it is a statistical thing or a real underlying cause that would have us high in bankruptcies and also securities and investment fraud.

The study shows me that being LDS and the high level of bankruptcy in Utah doesn't necessarily relate to each other. As I said before, that is reassuring we aren't worse than others and at the same time discouraging we don't do better.

[Mormon Red Death]

Originally Posted by Indy Coug

Which is why they are higher than Utah in per capita bankruptcy filings.

http://www.statemaster.com/graph/eco...ngs-per-capita

How come no one in the US virgin islands files for bankruptcy?