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International Business Times UK
International Business Times UK
Business
Danielle Summer

Michigan And Texas Top List Of 50 US States With The Most People In Financial Distress

WalletHub Michigan Texas United States
(Photo by Karolina Kaboompics/ Pexels)

On July 17, personal finance company WalletHub published a study that highlighted the US states with the most financially insecure residents. The research, titled "States with the Most People in Financial Distress," compared 50 states using nine critical criteria in six categories. The categories examined in the study included:

  • Average credit score
  • People with accounts in distress
  • Average number of accounts in distress
  • Change in number of bankruptcy filings (March 2024 vs. March 2023)
  • "Debt" search interest index
  • "Loans" search interest index
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