With 8.8 million Americans having at least one credit account where they are late on their payments (or have been allowed to delay them), WalletHub today released its latest report on the States with the Most People in Financial Distress to shed light on the financial troubles experienced by people across the U.S., and to show where those difficulties are most pronounced.
| Most Distressed | Least Distressed |
| 1. Texas | 41. Wisconsin |
| 2. Florida | 42. Maryland |
| 3. Louisiana | 43. Maine |
| 4. Nevada | 44. New Jersey |
| 5. South Carolina | 45. West Virginia |
| 6. Oklahoma | 46. New Mexico |
| 7. North Carolina | 47. Oregon |
| 8. Mississippi | 48. Alaska |
| 9. Kentucky | 49. Vermont |
| 10. Alabama | 50. Hawaii |
“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.”
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“Texas is the state experiencing the most financial distress, which is demonstrated by the fact that residents had the ninth-lowest average credit score in the country in Q1 2025. Texas also had the third-highest number of accounts in forbearance or with deferred payments per person, and the seventh-highest share of people with these distressed accounts, at 7.1%.”
- Chip Lupo, WalletHub Analyst
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