If it feels like money’s been tighter than usual lately, you’re not alone. A new study just ranked Texas as the most financially distressed state in the country this year.
That means more Texans are behind on bills, facing bankruptcy, or searching for loans and debt help than anywhere else.
The report examined factors such as credit scores, missed payments, and the frequency of searches for terms like “debt” and “loans.” Texas showed signs of stress across the board. Bankruptcy filings are up by more than 20 percent, credit scores are low, and many people are juggling accounts in forbearance.
What’s striking is that Texas has one of the largest economies in the U.S., but everyday people are feeling the pressure. And while inflation isn’t hitting Fort Worth as hard as other places, people in surrounding suburbs are still feeling the squeeze.
If nothing else, it’s a reminder that behind the state’s booming economy, many Texans are simply trying to keep up.
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