WalletHub: New Jersey is the state with the 5th least financial distress

NEW JERSEY – New Jersey is the state with the 5th least financial distress, according to a study done by WalletHub.

With 6.8 million Americans having at least one credit account where they are late on their payments (or have been allowed to delay them), WalletHub Thursday 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.

New Jersey‘s Financial Distress (1=Most Distressed; 25=Avg.):

• Overall rank for New Jersey: 47^th
• 34^th – Average Credit Score (October 2023)
• 39^th – Change in the Share of People with Accounts in Distress – October 2023 vs. October 2022
• 36^th – Change in the Average Number of Accounts in Distress – October 2023 vs. October 2022
• 32^nd – Change in Number of Bankruptcy Filings – September 2023 vs. September 2022
• 49^th – “Loans” Search Interest Index