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Sunday, December 3, 2023
Accounts in Distress? Hawaii Ranks 5th in USA
By Selected News Articles @ 3:28 AM :: 1151 Views :: Economy, Hawaii Statistics, Cost of Living
Overall Rank*  26
State Hawaii
Total Score  31.28
Credit Score  2
People with Accounts in Distress  6
Average Number of Accounts in Distress  5
Change in Bankruptcy Filings September 2023 vs. September 2022 44
“Debt” Search Interest Index  49
“Loans” Search Interest Index  47

Note: *No. 1 = Most Distressed

States with the Most People in Financial Distress in 2023  

from WalletHub, Nov 30, 2023

The last few years have been a whirlwind for Americans’ finances, with inflation, fluctuating unemployment, public health crises and natural disasters making it hard for people across the country to pay their bills. Ultimately, many people have ended up in financial distress, which WalletHub defines as having a credit account that is in forbearance or has its payments deferred, meaning the account holder is temporarily allowed to not make payments due to financial difficulty.

In order to shed light on the financial troubles experienced by people across the U.S., and to show where those difficulties are most pronounced, WalletHub compared the 50 states and the District of Columbia across nine key metrics. Our data set includes factors like the average credit score, the change in the number of bankruptcy filings between September 2022 and September 2023, and the share of people with accounts in distress….

read … Full Report

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