96
The Big Finish
Wrap your head
around the market's
leading indicators.
STATES WITH THE MOST PEOPLE
IN FINANCIAL DISTRESS DURING
COVID-19
Earlier in the year, while the CARES ACT did its part to offset the financial toll, in light of the lack of a new bipartisan deal,
many people are scratching their heads as they wonder how to satisfy their financial obligations, according to WalletHub.
Meantime, leveraging data like the average credit score, the change in the number of bankruptcy filings between January and July,
and the share of people with accounts in distress. WalletHub compared the 50 states and the District of Columbia across nine key
metrics to illustrate where those challenges are particularly severe. WalletHub defines an account in distress as one which either is in
forbearance or has its payments deferred.
OVERALL RANK STATE TOTAL SCORE CREDIT SCORE RANK
PEOPLE WITH
ACCOUNTS IN
DISTRESS RANK
CHANGE IN
BANKRUPTCY
FILINGS RANK
1 LA 52.65 12 2 36
2 NV 48.74 31 1 13
3 IN 47.70 5 15 7
4 OK 47.01 1 31 8
5 FL 46.50 45 6 24
6 TX 46.09 9 9 31
7 SC 45.86 7 5 33
8 KS 45.36 19 19 9
9 D.C. 44.98 49 7 49
10 NY 44.90 28 26 43
