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

Source: WalletHub
Top 5 states with the most people in financial distress:
  1. Louisiana
  2. Mississippi
  3. Texas
  4. Tennessee
  5. Nevada

Top 5 states with the least people in financial distress: 

  1. New Hampshire
  2. Massachusetts
  3. Maine
  4. Rhode Island
  5. New Jersey

For the full report, click here.

Jay Edwards

Born and raised in Northwest NJ, Jay has a degree in Communications and has had a life-long interest in local radio and various styles of music. Jay has held numerous jobs over the years such as stunt car driver, bartender, voice-over artist, traffic reporter (award winning), NY Yankee maintenance crewmember and peanut farm worker. His hobbies include mountain climbing, snowmobiling, cooking, performing stand-up comedy and he is an avid squirrel watcher. Jay has been a guest on America’s Morning Headquarters,program on The Weather Channel, and was interviewed by Sam Champion.

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