No one wants to be on the naughty list at Christmastime. But that’s exactly where Pennsylvania has landed, yet again.

This time the list was complied by a financial news and opinion company called 24/7 Wall Street, which worked up a compendium of the nation’s worst-and best-run states.

The study rated states based on multiple criteria, including unemployment rate, credit rating, poverty rates and pension funding ratios.

And it should be no surprised, based on those metrics, that Pennsylvania was found wanting. According to 24/7 Wall Street the state had the ninth-highest unemployment rate in the nation (5.4 percent) in 2016, and the fifth-lowest pension funding ratio (55.8 percent) in the country as well.

Combine that with a sluggish state economy and a swiftly aging (and declining) population, and you’ve got the potential for big problems if the trends aren’t reversed. Which, of course, is exactly what is happening since the General Assembly has been all-too-happy to avoid dealing with these issues.

Here’s the 24/7 Wall Street team’s take the state’s current fiscal trajectory:

“Pennsylvania is one of only three states with no money saved to close budget gaps ... And this will likely be a problem in the coming years as the state’s tax base is slowly eroding.”

There’s certainly more — from the commonwealth’s horrendously gerrymandered voting districts to its chronically late or incomplete state budgets — that makes Pennsylvania a contender for one of the worst-run states in the nation.

But the metrics highlighted by this study do an excellent job of showing how an underperforming and poorly-managed state government can exacerbate its own financial struggles, and pass the resulting pain along to businesses and residents.