Study: People In These Cities Under Financial Distress

A WalletHub analysis found that a significant number of residents in Houston, Texas; Atlanta, Georgia; and Jacksonville, Florida are struggling to keep up with their bills. WalletHub defined financial distress in terms of credit accounts in forbearance or with deferred payments. 9% of Houston residents have accounts in distress, and the city also has a high Google search volume for terms like “debt” and “loans.” “People who find themselves in financial distress should budget carefully, cut non-essential expenses, and pursue strategies like debt consolidation or debt management,” Chip Lupo of WalletHub said. (Study Finds)