Florida's Economic Distress
According to recent reports from Moneywise, WalletHub, Forbes, and Yahoo Finance, Florida is the second-most distressed state in terms of debt obligations.
The state experienced a 23% increase in distressed bank accounts between 2024 and 2025, with 7.3% of residents having accounts in distress, ranking sixth-highest overall.
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.
WalletHub analyst Chip Lupo emphasized the importance of assessing financial distress to understand a state's economic well-being.
Author's summary: Florida faces economic disaster due to high debt obligations.
More News
- Celebrating America: Jefferson’s history, impact on East Texas
- Should you start or sit Justin Jefferson vs. Commanders?
- Singer/Songwriter Sydney Irving releases new music video for "Something Better" from acclaimed album UNFASHIONED CREATURES on DEKO Entertainment / Warner Music Group - ADA
- Hudson’s Bay Downtown Vancouver Store for Sale
- Brasero Extérieur RedFire Irving medium black
- Hudson Couteau de table en acier
- Hudson’s Bay Stripes Return at Canadian Tire in Limited Capsule
- Irving Berlin - Overview
- Rural road repair 'wish list' for the Sunshine Coast drawn up
- Vikings' Jefferson: '25 one of most difficult seasons