(The Center Square) – Wisconsin went from $4,844 in total debt liabilities per capita in 2020 to $4,781 in 2022, according to a new report on debt trends from Reason Foundation.
That’s well below the top of the list and Connecticut ($27,031), New Jersey ($24,200), Hawaii ($19,400), Illinois ($19,400) and Wyoming ($18,600). Wisconsin was one of 24 states to see its debt per capita lower from 2020 to 2022, according to the report .
“At the end of the 2022 fiscal year, the 50 state governments held $1.03 trillion in employee-related debt, including $502 billion in net public pension liabilities and $524 billion in net other post-employment benefit liabilities, such as promised medical benefits for retirees,” the report said.
Wisconsin also saw its assets per capita rise to $11,162 in 2022 after it was $9,634 in 2020.
The state also has a negative pension liability per capita at negative $389.
Milwaukee also saw positive change in total liabilities over that timeframe, going from $8,023 per capita in debt in 2020 to $6,751 in 2022. Madison saw its debt per capita rise from $4,156 in 2020 to $4,334 in 2022.