With 10.7 million Americans still unemployed and nearly 69% of people saying they would have difficulty meeting their financial obligations if their next paycheck were delayed for a week, WalletHub today released updated rankings for the Cities in the Most Financial Distress During COVID-19, along with accompanying videos and audio files.
In order to take a deeper look into where people are struggling the most financially, WalletHub compared the 100 largest cities without data limitations across nine key metrics. Our data set includes factors like the change in the number of bankruptcy filings between September 2019 and September 2020, the average credit score and the share of people with accounts in distress. Below, you can see highlights from the report, along with a WalletHub Q&A.Most Distressed | Least Distressed |
1. Las Vegas, NV | 91. Newark, NJ |
2. Phoenix, AZ | 92. Boise, ID |
3. Chicago, IL | 93. Irvine, CA |
4. Miami, FL | 94. Lincoln, NE |
5. San Antonio, TX | 95. Boston, MA |
6. Los Angeles, CA | 96. Scottsdale, AZ |
7. Fort Worth, TX | 97. Anchorage, AK |
8. Houston, TX | 98. Madison, WI |
9. Dallas, TX | 99. Jersey City, NJ |
10. Austin, TX | 100. Fremont, CA |