WalletHub data reveals financial distress trends across the country

(KOAM) -- Everyone has been dealing with the impacts of inflation and recent storms throughout the 4-States has been making it challenging for people when it comes to money.

WalletHub compared the 50 states across nine key metrics including average credit score, bankruptcy filings, and the share of people with accounts in distress.

“Measuring the share of residents in financial distress is a good way to take the pulse of a state and see whether people are generally thriving or having trouble making ends meet. When you combine data about people delaying payments with other metrics like bankruptcy filings and credit score changes, it paints a good picture of the overall economic trends of a state," said Cassandra Happe, WalletHub Analyst

1. Michigan
2. Texas
3. Nevada
4. Tennessee
5. Rhode Island
6. Georgia
7. Louisiana
8. North Carolina
9. Mississippi
10. New York
11. South Carolina
12. Oklahoma
13. Florida
14. Kentucky
15. South Dakota
16. Delaware
17. Alabama
18. Arizona
19. West Virginia
20. Illinois

Missouri ranked 21, Arkansas ranked 31, and Kansas ranked 43.

To see the full report from WalletHub, click here.

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