Republican States Dominate New ‘Financial Distress’ List
Summary
A new study by WalletHub ranks states by how many residents are in financial trouble, based on credit scores, bankruptcies, and other signs. The list shows that most of the states with the highest financial distress voted for President Trump in 2024.Key Facts
- Nine of the top 10 states with the most financial distress voted Republican in the 2024 presidential election.
- Financial distress includes poor credit scores, more bankruptcies, and higher searches for debt-related terms.
- Kansas is now the most financially distressed state, rising from 43rd place in 2024 to 1st in 2026.
- Other states with high distress include Louisiana, Florida, Texas, and South Carolina.
- States with the least financial distress include Maine, Rhode Island, Hawaii, and Vermont.
- Michigan improved the most, moving from 1st (most distressed) in 2024 to 46th in 2026.
- Increases in financial distress relate to factors like inflation, unemployment, and natural disasters.
- Some changes in rankings are also due to updated data methods used by WalletHub.
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