NEW JERSEY – New Jersey is the state with the 7th least financial distress, according to a study done by WalletHub.
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 Wednesday 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: 44th
- 29th – Average Credit Score (March 2025)
- 24th – Change in the Share of People with Accounts in Distress – Q1 2025 vs. Q1 2024
- 25th – Change in the Average Number of Accounts in Distress – Q1 2025 vs. Q1 2024
- 32nd – Change in Number of Bankruptcy Filings – March 2025 vs. March 2024
- 44th – “Loans” Search Interest Index
Source: WalletHub
Top 5 states with the most people in financial distress:
- Texas
- Florida
- Louisiana
- Nevada
- South Carolina
Top 5 states with the least people in financial distress:
- Hawaii
- Vermont
- Alaska
- Oregon
- New Mexico
For the full report, click here.
