Florida is now one of the most financially stressed states in the country, second only to another Southern state, according to a new report by WalletHub, which defines financial distress as having credit in forbearance or deferring payments due to financial difficulty.
“When you combine data about people delaying payments with other metrics like bankruptcy filings and credit score changes, it paints a good picture of the overall economic trends of a state,” WalletHub analyst Chip Lupo said about the findings.
A couple of years ago my wife was driving through New Mexico on a cross-country road trip (I had to fly due to another work trip bookending the vacation) and a truck fire forced a detour through Albuquerque, and she said the poverty she saw on the little bit of Albuquerque they drove through was insane. Described seeing presumably homeless people high out of their minds in the street, and other homeless people shooting up. And still others painfully sober and aware of their situation
Housing insecurity truly exhibits itself very differently in different places. Where we live it’s not folks living in worn out tents or ramshackle shelters built from trash, but that doesn’t mean it doesn’t exist