Florida is now the 2nd most financially distressed state in.jpeg
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With the high prices on everything from groceries to rent in an economic background of uncertainty, many Americans are struggling to pay their bills.
They even turn into credit to pay the price of necessities. A recent survey study [1] I found that a quarter of a quarter (25 %) of the purchase users-paiders used these loans to buy groceries.
But some countries are struggling more than others.
Florida is now one of the most financially emphasized states in the country, which ranks second after another southern state, according to a new report issued by Wallethub [2]. The narrow financial report defines it that it gets credit in patience or postponing payments due to financial difficulty.
“When data is about delaying people who delay payments with other standards such as bankruptcy files and change credit, it draws a good picture of the total economic trends of the country,” said Wallethub Chip Lupo.
Below are the five countries that struggle more and why people pass a difficult time.
According to the Wallethub analysis of nine financial standards in all fifty states, Texas is the most strict financial position in the United States, followed by Florida, Louisiana, Nevada and South Carolina.
Texas, although GDP is greater than most countries – the ninth place in the world according to visual capitalism [3] – The nation also led in Google search operations for “debt” and “loans” while it is a sharp rise in bankruptcy files, based on the Wallethub report [2].
Florida ranked second in general, with a list of people with accounts in distress and have one of the worst credit degrees in the country.
Louisiana ranked third, with the average number of accounts in distress and the largest share of the population with patience accounts. Nevada got the third credit degree, while South Carolina showed high levels of distress.
As for the lowest financial states? They are Hawaii, Fairmont, Alaska, Oregon and New Mexico.
Hawaii was the winner here, although the fourth credit degree of work was obtained. However, it was a good performance in all other groups, and unlike Texas, the state with fewer people looking for Google was for “debt” and “loans”.
Read more: The wealthy and young Americans abandon the stocks – here are the alternative origins that they suffer instead
Financial stress is widespread throughout the United States – even states that are less sad, such as Hawaii and Vermont, showing weak credit. Ludwig Institute for the Study of joint economic prosperity [4] It revealed that 60 % of families are less than the minimum standard for the quality of a decent life, the arrest of the basics and modest entertainment.
The basic issue: wages have not kept high costs, including a 301 % increase in medical premiums and 131 % jumped in rent since 2001.
Moreover, over the past 25 years, the total cost of family medical coverage offered by the employer increased by 314 %, with workers’ contributions higher-an increase of 326 %, according to the National Library of Medicine [5].
If you are having a problem with ending, such as many Americans, you can try to apply the following money principles:
Start with a budgetUnderstand your spending and define areas to reduce.
Call the creditors and mortgage lenders early: They may make postponed payments or term extended payment.
Treat high interest debts: Do the minimum payment at least on credit cards to protect your credit, but set a priority for high interest debts. In the long run, it aims to the rate of credit use less than 10 % if you can.
Enhancing your income: Take a side bottom, or Reskill for a better job or rent a room if possible.
Reducing home insurance costs: The insurance premiums for home owners have increased by double numbers over the past two years, with a cumulative increase of more than 40.4 % since 2019, based on a report issued by Lindingtree. [6].
Shopping can be regularly and compare rates as well.
OfficialHomeinsrance.com can take trouble from shopping for home insurance. In a little less than two minutes, you can explore competitive prices from senior insurance providers, all in one place – and save $ 482 on average.
With Imporialhomeins Messenger.com, you can easily find the coverage you need at a price that can suit your budget.
But shopping for home insurance is only the first step to put a little additional money in your pocket. Car insurance can also be another main monthly cost, and prices also rise.
Shop for lower car insurance: Between 2020 and 2024, car insurance prices increased by 54 %, according to its reports from the facts of the United States of America using the work office data data [7]. However, as with home insurance, shopping and assembly can lead to great savings.
Imbonecarinsrance.com allows you to compare quotes from reliable brands – including progressive, allstate and Geiico – to make sure you get the best deal. The reconciliation system takes your location with car details and driving date to find the lowest possible rate.
Deals start from only $ 29 per month, and you can replace your policy in just a few minutes,
Automated your savings: If you are struggling to save, you can prepare frequent automatic investments using a ROBO counselor specifically designed to withstand the risk. One of the options is to work with a service that automatically changing spare parts with every purchase.
This is where the walnut can help. With Acorns, each purchase – from $ 4.25 coffee to the monthly cell phone bill – is rounded to the nearest dollar when a credit card or discount is broken. Over time, these small quantities can grow to provide meaningful.
And the best part? If you register with frequent monthly deposit nuts, it can give you an additional $ 20 to start your investment trip.
If you prefer to save the investment – Robo Investor or otherwise – be sure you get the best prices you can find.
One way to do this is to switch from a standard savings account to a high -return savings account, or HYSA. The average of traditional savings accounts was 0.39 %, according to the federal deposit insurance company [8]. Meanwhile, some HYSAS can provide APYS from 4.00 %. You only need to monitor any minimum account balance to avoid fees and take advantage of the best prices for you.
It is not a secret that the pressure of money is largely weighing over many – more than 52 % of adults worried about money every day, according to Ramsey Solutions [9]. But the path outside the financial pressure begins with small intended steps.
Cut where you can, build smarter habits, and take advantage of the tools designed to help. The key is starting now.
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[1]. Lindingtree. “BNPL Tracker: 41 % of users in late last year, more using grocery loans”
[2]. Wallethub. “Countries that have most people in financial distress.”
[3]. Optical capital. “Set: the largest economies in the world, including the American states”
[4]. Ludwig Institute for joint economic prosperity. “The majority of Americans cannot achieve the minimum quality of life, according to the research of the new Ludwig Institute.”
[5]. The National Library of Medicine. “Why does the cost of the coverage sponsored by the employer continue to rise?”
[6]. Lindingtree. House insurance status: 2025 “
[7]. The facts of the United States of America. “Why are cars insurance rates increasing?”
[8]. Federal deposit insurance company. National rates and price covers – August 2025 ”
[9]. Ramsay solutions. “Personal financing case in America Q2 2025”
This article only provides information and should not be explained as advice. It is provided without guarantee of any kind.
