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November 13, 2014

New Jersey has total unfunded pension and healthcare liabilities of $200 billion, according to State Budget Solutions, a Washington D.C. public policy think tank. That ranks it sixth in the country with a per capita debt of $22,491.

Oddly enough, that’s good news, since in 2012 the same group said New Jersey had $289 billion in unfunded liabilities and ranked it fourth.

Regardless, almost every state in the nation is facing this problem. The total unfunded liability for the country is $4.7 trillion, with the average American facing a debt of about $15,000. The best-case scenario states, such as Wisconsin, have a 67 percent unfunded liability.

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