Florida Ranks 3rd in U.S. Financial Distress as Distressed-Account Share Jumps Nearly 19%
Updated
Updated · Palm Beach Post · Jul 21
Florida Ranks 3rd in U.S. Financial Distress as Distressed-Account Share Jumps Nearly 19%
3 articles · Updated · Palm Beach Post · Jul 21
Summary
WalletHub ranked Florida the nation’s third-most financially distressed state, behind Kansas and Louisiana, based on nine metrics spanning credit scores, distressed accounts, bankruptcies and debt-related search interest.
Nearly 19% marked Florida’s second-highest increase in the share of people with distressed accounts between Q1 2025 and Q1 2026, a key factor behind the ranking.
Almost 8.7% of Floridians had accounts in distress overall, the report said, while the state also posted the fifth-most distressed accounts per person in Q1 2026.
WalletHub said combining delayed-payment data with bankruptcy filings and credit-score changes offers a broader read on state economic stress; its report also found red states generally more distressed than blue states.