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'Precarious State' Film Explores Why Minnesota Is Losing Billions of Dollars in Wealth

  • Minnesota is experiencing a loss of wealth with a migration of residents out of the state, according to former State Representative Pat Garofalo.
  • The documentary reports a net loss of $5 billion in Minnesota wealth due to more people moving out than in from 2022 to 2024.
  • Nearly half of the buildings with loans in Minneapolis are behind on payments, marking the city's highest level of financial distress this year.
  • Individuals interviewed reported feeling unsafe in Minneapolis due to rising crime, and Kupchella called the documentary a 'critical look' at the city's situation.
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Racket broke the news in on Thursday, October 2, 2025.
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