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Wallethub Report-States with the Most People in Financial Distress During COVID-19

Wallethub Report-States with the Most People in Financial Distress During COVID-19

States with the Most People in Financial Distress During COVID-19


Release from Wallethub - September 9, 2020

UNDATED - With the unemployment rate at 8.4% and Americans still waiting for another COVID-19 relief package, WalletHub today released its report on the States with the Most People in Financial Distress During COVID-19, along with accompanying videos and audio files.  

In order to shed light on the financial troubles experienced by people across the U.S., and to show where those difficulties are most pronounced, WalletHub compared the 50 states and the District of Columbia across nine key metrics.

Our data set includes factors like the average credit score, the change in the number of bankruptcy filings between July and January, and the share of people with accounts in distress. WalletHub defines an account in distress as one which either is in forbearance or has its payments deferred. Below, you can see highlights from the report, along with a WalletHub Q&A.

South Dakota ranked as 23rd most financial distressed state in the report overall.


 

Most Distressed Least Distressed
1. Louisiana 42. Nebraska
2. Nevada 43. Connecticut
3. Indiana 44. North Dakota
4. Oklahoma 45. Minnesota
5. Florida 46. Oregon
6. Texas 47. New Hampshire
7. South Carolina 48. Alaska
8. Kansas 49. Massachusetts
9. District of Columbia 50. Montana
10. New York 51. Vermont


To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/states-financial-distress-covid/78988/



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